Community Corner

Morgan Stanley to Buy Canadian Employee Stock Manager for $900 Million

(Reuters) - Morgan Stanley said on Monday it would buy Canadian employee stock plans manager Solium Capital for C$1.1 billion ($900 million).

The deal will allow Morgan Stanley to attract young salaried workers, who after they sign up on Solium to manage their stock options, can eventually choose the bank’s investing and virtual adviser channels, as they build their wealth, or when their investing needs arise.

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