Deals
Morgan Stanley Seeks More Takeovers After Biggest Deal Since ’08
- Solium acquisition said to reflect new appetite for takeovers
- Getting bigger seen as only path for smaller advisory firms
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Morgan Stanley just announced its biggest acquisition in a decade and agreed to pay the largest premium of any major financial deal this year. It may just be getting started.
The firm, which said it will spend $900 million for stock-plan administration company Solium Capital Inc., isn’t ruling out acquiring traditional wealth-management firms as well as more financial-technology companies, people familiar with the matter said Monday. Future deals might be aimed at adding scale to Morgan Stanley’s $400 billion asset manager, the people said, asking not to be identified discussing private strategies.