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Morgan Stanley agrees $13bn deal to acquire ETrade

1 month ago   |   By The Week

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Morgan Stanley has announced plans to buy online discount brokerage ETrade in an estimated $13 billion all-stock deal.
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Justin Sullivan/Getty Images
The huge deal is an attempt by the Wall Street lender to diversify and access high numbers of low-risk digital retail investors
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William Gritten
Friday, February 21, 2020 - 6:26am
Morgan Stanley, the renowned Wall Street investment bank, has turned to digital discount brokerage platform ETrade in a $13 billion all-stock acquisition designed to capture a share of the growing online stock-trading market.
Talks have...
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