Morgan Stanley to Acquire E*TRADE

On February 20, 2020, Morgan Stanley and E*Trade Financial Corporation announced they has entered into an agreement for Morgan Stanley to acquire E*TRADE in an all-stock transaction valued at approximately $13 billion. For each share owned, E*Trade stockholders will receive 1.0432 Morgan Stanley shares through the purchase.

The full announcement can be found here: https://www.morganstanley.com/press-releases/morgan-stanley-to-acquire-e-trade