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Morgan Stanley buying E*Trade for about $13 billion

In this Oct. 27, 2009 file photo, an E- Trade Financial branch is shown in San Francisco. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own. Photo: AP/ Jeff Chiu
In this Oct. 27, 2009 file photo, an E- Trade Financial branch is shown in San Francisco. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.

Updated: February 20, 2020 07:02 AM

Morgan Stanley is buying online brokerage E*Trade for about $13 billion.

In the all-stock deal announced Thursday, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.

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Credits

The Associated Press

(Copyright 2020 by The Associated Press. All Rights Reserved.)

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