(Reuters) - On June 30 Morgan Stanley plans to spin off its Discover
Financial Services business to shareholders, issuing one
Discover share for every two Morgan shares held on Monday. As
the separation date approaches, investors are scrutinizing
Discover's prospects and finding Morgan Stanley's flagship
advisory and trading activities may be undervalued.
"The spin-off is getting people to look more closely at
Morgan Stanley and Discover," Sandler O'Neill brokerage analyst
Jeff Harte said on Monday. "If they look at Morgan Stanley
without Discover, they'll find it's not getting value enough
for what it's worth."
Read more at Reuters.com Mergers News
Financial Services business to shareholders, issuing one
Discover share for every two Morgan shares held on Monday. As
the separation date approaches, investors are scrutinizing
Discover's prospects and finding Morgan Stanley's flagship
advisory and trading activities may be undervalued.
"The spin-off is getting people to look more closely at
Morgan Stanley and Discover," Sandler O'Neill brokerage analyst
Jeff Harte said on Monday. "If they look at Morgan Stanley
without Discover, they'll find it's not getting value enough
for what it's worth."
Read more at Reuters.com Mergers News
No comments:
Post a Comment