morgan stanley acquisition of eaton vance
These risks, as well as other risks associated with the proposed acquisition, are more fully discussed in the Registration Statement. At Morgan Stanley, giving back is a core valueâa central part of our culture globally. Morgan Stanley completed the acquisition of Eaton Vance, a provider of advanced investment strategies and wealth management solutions, for $7bn. impact of the Eaton Vance acquisition, along with strong positive net flows across all asset classes. Eaton Vance shareholders, including those that acquired their shares after January 22, 2021, may request copies of these election materials and direct any questions regarding the election materials or the Election Deadline to Morgan Stanley Investor Relations at (212) 762-8131 or (646) 521-4714. To access the presentation, please click here, For media inquiries, send an email to Media Inquiries. ‘With the way that things have evolved in our industry, where advisors and retail investors are coming back into focus, the Eaton Vance acquisition provides them a reasonable set of … Completion of the transaction remains subject to customary closing conditions. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. Because we believe that when investors hear a range of strongly argued perspectives, they sharpen their own independent views. NEW YORK& BOSTON---- Morgan Stanley announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction. What are the principal terms and the status of the proposed acquisition of Eaton Vance by Morgan Stanley? investorrelations@morganstanley.com, Eaton Vance The combination will better position Morgan Stanley to generate attractive financial returns through increased scale, improved distribution, cost savings of $150MM â or 4% of MSIM and Eaton Vance expenses â and revenue opportunities. Everything we do at Morgan Stanley is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. "Eaton Vance is a perfect fit for Morgan Stanley. Yes, You Can Be a Tech Innovator at Morgan Stanley. Using the Morgan Stanley acquisition multiple of Eaton Vance (13.5x 2021 earnings with synergies), Ameriprise is worth $246 per share, upside of 46% … Hear their stories and learn about how they are redefining the terms of success. The Eaton Vance (NYSE: EV) acquisition, first announced in October, was valued at $7 billion and closed on Monday. Morgan Stanley Closes Acquisition of Eaton Vance Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance … Morgan Stanley is differentiated by the caliber of our diverse team. In addition, Eaton Vance common shareholders will receive a one-time special cash dividend of $4.25 per share to be paid pre-closing by Eaton Vance to Eaton Vance common shareholders from existing balance sheet resources. Eaton Vance. MSIM and Eaton Vance are highly complementary with limited overlap in investment and distribution capabilities. NEW YORK & BOSTON-- (BUSINESS WIRE)-- Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets. By financing the transaction with 50% cash, Morgan Stanley will utilize approximately 100bps of excess capital, and the Firmâs common equity tier 1 ratio is expected to remain approximately 300bps above the Firmâs stress capital buffer (SCB) requirement of 13.2%. Our culture of access and inclusion has built our legacy and shapes our future, helping to strengthen our business and bring value to clients. Morgan Stanley (NYSE: MS) and Eaton Vance Corp. (NYSE: EV) announced today that the companies currently expect to complete Morgan Stanley’s acquisition of Eaton Vance on March 1, 2021 pursuant to the merger agreement dated as of October 7, 2020 (the “Merger Agreement”). The bank said wealth management revenue in the quarter jumped 47% to $5.96 billion, matching analysts' expectations. Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment. Important risk factors that may cause such a difference include, but are not limited to, (i) the completion of the proposed transaction on anticipated terms and timing, including obtaining required regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the combined companyâs operations and other conditions to the completion of the acquisition, including the possibility that any of the anticipated benefits of the proposed transaction will not be realized or will not be realized within the expected time period, (ii) the ability of Morgan Stanley and Eaton Vance to integrate the business successfully and to achieve anticipated synergies, risks and costs, (iii) potential litigation relating to the proposed transaction that could be instituted against Morgan Stanley, Eaton Vance or their respective directors, (iv) the risk that disruptions from the proposed transaction will harm Morgan Stanleyâs and Eaton Vanceâs business, including current plans and operations, (v) the ability of Morgan Stanley or Eaton Vance to retain and hire key personnel, (vi) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the acquisition, (vii) continued availability of capital and financing and rating agency actions, (viii) legislative, regulatory and economic developments, (ix) potential business uncertainty, including changes to existing business relationships, during the pendency of the acquisition that could affect Morgan Stanleyâs and/or Eaton Vanceâs financial performance, (x) certain restrictions during the pendency of the acquisition that may impact Morgan Stanleyâs or Eaton Vanceâs ability to pursue certain business opportunities or strategic transactions, (xi) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Morgan Stanleyâs or Eaton Vanceâs managementâs response to any of the aforementioned factors, (xii) dilution caused by Morgan Stanleyâs issuance of additional shares of its common stock in connection with the proposed transaction, (xiii) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (xiv) those risks described in Item 1A of Morgan Stanleyâs most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K, (xv) those risks described in Item 1A of Eaton Vanceâs most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K and (xvi) those risks that will be described in the registration statement on Form S-4 available from the sources indicated above. 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