The news story you are looking for has expired. A more recent related article is displayed below.

Sponsored Links

Morgan Stanley to acquire remaining 49% stake in Morgan Stanley Smith Barney from Citigroup

Sep 17, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Companies: Citigroup, Inc. (C), Morgan Stanley (MS)

Citigroup, Inc., a financial services holding company, plans to sell its 49% stake in Morgan Stanley Smith Barney to Morgan Stanley, a financial services company. All the three companies are based in the US.

Morgan Stanley Smith Barney was formed as a joint venture between Citigroup and Morgan Stanley by combining their brokerage and wealth management units.

Morgan Stanley holds a 51% stake in the joint venture. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Announced: 2009-09-17

Deal Participants 

Target (Company)   Morgan Stanley Smith Barney
Acquirer (Company) Morgan Stanley
Vendor (Company)   Citigroup, Inc.

% Acquisition 49%

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Companies: Citigroup, Inc. (C), Morgan Stanley (MS)


Related terms: acquisition, financial services, joint venture

Related Articles

Morgan Stanley Smith Barney Hosts Reception and Special Presentation with Wall Street Veteran Carla
Nov 6, 2009
Morgan Stanley Smith Barney Hosts Reception and Special...Street Veteran Carla Harris Morgan Stanley Smith Barney announced today that the Firm...Regional Business Officer, Morgan Stanley Smith Barney, and Morgan Stanley Smith...

GCI Prices Debt Offering
Oct 30, 2009
...customary closing conditions. The transaction was led by Deutsche Bank, with RBC Capital Markets, Calyon Securities and Morgan Stanley acting as joint bookrunners. GCI is the top provider of video, voice and data service in Alaska, and boasts a 70...

MSSB Plans to Double Size of U.S. Division For Ultra Wealthy
Oct 22, 2009
...Subscribe in Bloglines Today Morgan Stanley Smith Barney announced the integration...which will now be called Morgan Stanley Private Wealth Management...Managing Director and head of Morgan Stanley Smith Barney s broader wealth management...

ICCAD: EDA for the next 10 years
Nov 3, 2009
...reading this blog regularly won't be surprised at the position that we took. I managed to find some interesting data from Morgan Stanley about how electronics is growing but it is also fragmenting. PCs ship in 100s of millions; cell-phones in billions...