July 20, 2012 at 10:56 AM EDT
Citi, Morgan Stanley Lose Ground On Brokerage Valuation Disconnect
Shares of Citigroup (C) and Morgan Stanley (MS) were both falling more than 2% in recent trading Friday, after the firms disclosed their very different valuations for joint brokerage firm Morgan Stanley Smith Barney late yesterday. Morgan Stanley owns 51% of the brokerage, but wants to buy an additional 14%, a move that spurred companies [...]
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