×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Morgan | Stanley | Smith | Barney

Morgan Stanley Will Buy More of Smith Barney From Citigroup

Thursday, 31 May 2012 10:30 AM

Morgan Stanley said on Thursday that it will move ahead with a bid to buy another 14 percent of the Morgan Stanley Smith Barney brokerage joint-venture from Citigroup Inc.

The company said it has formally given Citigroup notice that it intends to exercise an option for the stake, which will set off negotiations of up to 90 days with Citigroup over the price.

Morgan Stanley currently owns 51 percent of the business and Citigroup has said it ultimately intends to dispose of its share.

© 2022 Thomson/Reuters. All rights reserved.


84
2012-30-31
Thursday, 31 May 2012 10:30 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved