Morgan Stanley to buy Canada's Solium Capital for $900 million in cash
Morgan Stanley said Monday it has reached an agreement to acquire Solium Capital Inc. ]s: ca:sum] in a deal with an equity value of C$1.1 billion ($900 million). Morgan Stanley will pay C$19.15 per Solium share in cash, giving it control of the Canadian cloud service for global equity administration, financial reporting and compliance. The deal is expected to close in the second quarter and to have minimal impact on the bank's earnings and capital ratios. "With this acquisition, Morgan Stanley... Читать дальше...