The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Thursday:** Morgan Stanley has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment.
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 0.72% or $0.23/share to $32.20. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 12941700 shares of MS exchange hands on a given day and today's volume is recorded at 1928702.
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