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Article: Morgan Stanley Announces Pricing of $3.5 Billion Common Stock Offering and $4 Billion Senior Notes Offering.
- Article from:
- Business Wire
- Article date:
- May 8, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Morgan Stanley (NYSE: MS) today announced that it has priced a public offering of 146 million shares of common stock to the public at $24.00 per share for total gross proceeds of approximately $3.5 billion. The underwriters will have a 30-day option to purchase up to an additional 21.9 million shares of common stock from Morgan Stanley.
Additionally, Morgan Stanley today priced a public offering of $4 billion in aggregate principal amount of senior notes. The notes will not be guaranteed by the FDIC.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and ...