Corporate raiders take note: new research finds that financial services company Morgan Stanley and retailer J C Penney Co Inc are among the most vulnerable to hostile takeovers.The two rank among the top 10 U.S. corporations where control is concentrated within a small group of large shareholders, putting the companies at greater risk of losing a potential hostile takeover bid, according to a report released on Wednesday.Rotary Gallop, a Houston-based research and consulting firm, measured controlling influence rather than ownership stakes at 495 of the companies in the Standard & Poor's 500 index.Morgan Stanley and J C Penney were not immediately available for comment.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 2.21% or $0.48/share to $22.22. In the past year, the shares have traded as low as $12.26 and as high as $24.47. On average, 20784600 shares of MS exchange hands on a given day and today's volume is recorded at 17440558.
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