Printer Friendly

Morgan Stanley to purchase Solium Capital.

BANKING AND CREDIT NEWS-February 12, 2019--Morgan Stanley to purchase Solium Capital

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 12 February 2019

Morgan Stanley (NYSE: MS) has said that it has entered into a deal to purchase Canada-based Solium Capital, a provider of cloud-enabled share plan administration services.

The deal is believed to be worth about USD900m in cash. Each Solium Capital share is worth CAD19.15 according to the deal.

Solium CEO, Marcos Lopez, is to remain with the firm once the deal closes.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Feb 12, 2019
Words:112
Previous Article:More errors revealed with Irish tracker mortgages.
Next Article:ACI Worldwide acquires tech assets.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters