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Morgan Stanley: Closes Acquisition of E*Trade

October 1, 2020

Morgan Stanley announced that it has completed the acquisition of E*TRADE Financial Corporation (E*TRADE) in an all-stock transaction
E*TRADE common stockholders entitled to receive 1.0432 Morgan Stanley common shares for each E*TRADE common share
The addition of E*TRADE positions us as an industry leader in Wealth Management across all channels and segments
E*TRADE has built a best-in-class, direct-to-consumer digital channel and also a strong brand over the past 38 years
Morgan Stanley a leading global financial services firm providing investment banking, securities, wealth management
With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions