E-Trade, Morgan Stanley agree to $13 billion acquisition deal
NEW YORK (UPI) -- Morgan Stanley announced plans Thursday to acquire digital investment firm E-Trade for $13 billion, continuing a trend of consolidations in the brokerage field. The Wall Street investment bank said it will pay $58.74 per E-Trade share in a deal expected to close later this year. Morgan Stanley said the move will combine its platforms with $3.1 trillion in client assets and upgrade its wealth management franchise into an industry leader. "The combination adds an iconic brand […]
