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