The following bids, mergers, acquisitions and disposals were reported by 1000 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.** Japan's government will sell 26 million shares of Japan's largest phone company, Nippon Telegraph and Telephone Corp , back to the firm for 153 billion yen ($1.5 billion), the finance ministry said, as part of its planned funding for a stimulus package approved in December.
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 2.8% or $0.87/share to $31.97. 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 14828813.
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