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Wednesday, December 17, 2014

Takeover Digest- British Business - Dec 18, (NYSE: MS)

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TimesGOVERNMENT TO 'DRIBBLE OUT' 3 BILLION POUNDS OF LLOYDS SHARES IN LATEST SELL-OFFThe British government is pressing ahead with an innovative way of privatising more of Lloyds Banking Group, announcing plans to gradually trickle out an estimated 3 billion pounds ($4.67 billion) of Lloyds shares onto the market over the next six months. UK Financial Investments (UKFI), which owns the 25 percent taxpayer stake in Lloyds, said it had instructed Morgan Stanley to conduct the so-called "dribble-out" sale, officially called a trading plan. (

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 3.41% or $1.21/share to $36.73. In the past year, the shares have traded as low as $28.31 and as high as $38.14. On average, 10440300 shares of MS exchange hands on a given day and today's volume is recorded at 11918979.