What is MSSB Worth?

Well, much less than Facebook, I can tell you that much.  Just kidding, but seriously, the joint-venture-turned-mega-merger took another step forward as the too co-owners of MSSB have come to an agreement on valuation.

My homegirl Lauren LaCapra has the whole story at Reuters…

Morgan Stanley has agreed to buy the rest of its brokerage joint venture from Citigroup Inc over time at a price that values the business at $13.5 billion, a victory for Morgan Stanley and far lower than the $22 billion that Citigroup had originally sought.

Under terms of the agreement, Morgan Stanley will buy another 14 percent of Morgan Stanley Smith Barney now, and will buy Citigroup’s remaining 35 percent stake by June 1, 2015. The deal is subject to regulatory approval.

Keep Reading:

Morgan Stanley, Citigroup value brokerage at $13.5 billion (Reuters via Yahoo)

What's been said:

Discussions found on the web
  1. Blue Coaster33 commented on Apr 30

    The Ships’s Voyages

    I think know-how just causes it to be even worse. Now there’s a channel to hardly ever treatment, now there would not be considered a probability for them to find out.

  2. bitcoin evolution online commented on Sep 30

    … [Trackback]

    […] There you can find 38598 more Information to that Topic: thereformedbroker.com/2012/09/11/what-is-mssb-worth/ […]

  3. bitcoin era commented on Sep 30

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2012/09/11/what-is-mssb-worth/ […]

  4. Smith and Wesson Guns for Sale commented on Oct 14

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2012/09/11/what-is-mssb-worth/ […]

Read this next.