Another one bites the dust...
Posted on 09/17/2008 6:08:21 AM PDT by TigerLikesRooster
Morgan Stanley weighing possible merger: report
Wed Sep 17, 2008 8:46am EDT
SINGAPORE (Reuters) - Investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, given the recent turbulence in the company's share price, broadcaster CNBC reported on Wednesday.
Morgan Stanley officials were not in merger talks as of late Tuesday, CNBC said, citing unnamed people close to the matter.
"But senior people at Morgan concede that further zig-zags in the company's stock price could and possibly will force the company to change course and seek a merger partner, probably a well capitalized bank," CNBC reported on its Website.
Morgan Stanley shares closed down 10.8 percent at $28.70 on Tuesday, having fallen 46 percent so far this year.
Morgan Stanley officials in Hong Kong declined to comment on the report.
(Excerpt) Read more at reuters.com ...
Ping!
Don’t mention the merger Ned...
Another one bites the dust...
It’s not biting the dust.
Their earnings were better then expected.
Goldman and Stanley are the only two left.
Their not going anywhere.
Though a merger is not a bad thing.
I’m afraid you may be off base here, there is a very real push under way to eliminate the last two independent Investment Banks — so that all we are left with will be the well capitalized (and more highly regulated) Money Center Bank types: JPM, BofA etc.
I said a merger was possible.
Which isn’t a bad thing.
Just meant MS isn’t on a Lehman Brothers type suicide watch.
“Just meant MS isn’t on a Lehman Brothers type suicide watch.”
Wrong. Credit market pricing of MS default swaps imply a default this weekend. MS is very much on a suicide watch.
jas3
If they merge with Wells Fargo could that help?
Yes. A merger with Wells would be a big big help. Goldman needs a commercial bank merger ASAP too.
jas3
I just saw that on CNBC.
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