Tag: Solium Capital

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Today’s Stock Market News – Morgan Stanley acquire Solium Capital Inc.

Morgan Stanley Will Pay $900 Million To Acquire Solium Capital Inc. The Deal Is The Bank’s Largest Acquisition Since The Financial Crisis

Solium’s 3,000 corporate clients employ 1 million workers and include startups such as Stripe Inc. and Instacart Inc., whose employees tend to be younger and have fewer relationships with traditional financial firms. Morgan Stanley said the acquisition wouldn’t have a meaningful impact on its 2019 earnings or reduce its planned stock buybacks.

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