Morgan Stanley (MS) To Raise Another $2.2B Selling Stock To Repay TARP
Morgan Stanley (NYSE: MS) announces another $2.2B common stock offering to satisfy a supervisory condition to enable it to redeem TARP.
While approval for repayment has not been granted, Morgan Stanley believes that upon completion of this capital raise it will have satisfied the criteria for fully redeeming the TARP preferred capital and expects to redeem it before the end of June.
Morgan Stanley raised $8 billion receintly by selling equity and debt in May.
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