MORGAN STANLEY TO ACQUIRE EATON VANCE FOR $7 BILLION

Highlights

• Morgan Stanley has decided to acquire investment management firm for a whopping amount of $7 billion in cash and shares

• the shareholders of Eaton Vance are entitled to receive $60.75 per share, which is 48 percent premium to the closing price on Wednesday along with one-time cash dividend of $4.25 ahead of closing

• James Gorman, chief executive at Morgan Stanley said Eaton Vance is a....