Morgan Stanley Shares Rise After Ubben’s Fund Discloses 2% StakeBy and
ValueAct Capital says it purchased 38 million shares
Shares of bank rise the most on S&P 500 Financials Index
Morgan Stanley rose the most among top U.S. banks after activist Jeff Ubben’s ValueAct Capital Management disclosed a 2 percent stake, attracted by the investment bank’s shift toward fee-based businesses.
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