Morgan Stanley just made its biggest deal since the financial crisis and says it wants to do more


Adam Galica | CNBC
James Gorman, Morgan Stanley

Morgan Stanley announced Monday it will buy Solium Capital, a Canadian company that prepares stock plans for start-ups, for $900 million.

The deal is Morgan Stanley’s biggest since the financial crisis and comes three days after the largest bank merger in a decade was announced. BB&T agreed to buy SunTrust Banks for more than $28 billion in an all-stock deal.

Morgan Stanley CEO James Gorman told The Wall Street Journal he’d like to “do more” acquisitions. “Last year was the first time we felt comfortable that we could even consider” acquisitions.

—CNBC’s Michael Bloom contributed to this report.

Subscribe to CNBC on YouTube.

Source link


Please enter your comment!
Please enter your name here