Morgan Stanley is shelling out $0.9 billion to acquire stock-plan firm Solium Capital. The acquisition of the firm that mainly specializes in offering Software-as-a-Service for managing employee share plans, ‘financial reporting and compliance’ is expected to bolster Morgan Stanley’s wealth management business. This is the biggest acquisition that the bank has made in the last decade. Morgan Stanley to Acquire @Solium, Creating a Leading Provider of Stock Plan Administration and Workplace Wealth Solutions. Read more here: https://t.co/JNOFiO2N33 #equitycomp @morganstanley — Solium (@Solium) February 11, 2019 Solium boasts of 3,000 stock plan clients, nearly 10 times more compared to Morgan Stanley.
The post Morgan Stanley to Spend $900 Million in Biggest Acquisition Since 2008 Crisis; Will the Trump Admin Approve? appeared first on CCN