Morgan Stanley

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Other Pre-Announcement, Mergers / Acquisitions

Morgan Stanley To Acquire Eaton Vance For About $7 Bln

Published: 10/08/2020 11:43 GMT
Morgan Stanley (MS) - Morgan Stanley to Acquire Eaton Vance.
Morgan Stanley - Deal for Equity Value of Approximately $7 Billion.
Morgan Stanley - Eaton Vance Shareholders Will Receive $28.25 per Share in Cash and 0.5833x of Morgan Stanley Common Stock.
Morgan Stanley - Deal Represents a Total Consideration of Approximately $56.50 per Share.
Morgan Stanley - Deal for Eaton Vance Common Shareholders Will Receive a One-time Special Cash Dividend of $4.25 per Share.
Morgan Stanley - Financing Transaction With 50% Cash.
Morgan Stanley - Expect That Deal Will Not Be Taxable to Eaton Vance Shareholders to Extent That They Receive Co's Common Stock As Consideration.
Morgan Stanley - Transaction is Expected to Be Breakeven to Earnings per Share Immediately and Marginally Accretive Thereafter.
Morgan Stanley - Merger Agreement Also Contains an Election Procedure Allowing Each Eaton Vance Shareholder to Seek All Cash Or All Stock.
Morgan Stanley - Transaction Will Add Approximately 100bps to Return on Tangible Common Equity.