About Morgan Stanley
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to customers, including corporations, governments, financial institutions and individuals. It operates in four business segments: Institutional Securities, Global Wealth Management Group, Asset Management and Discover. On December 21, 2006, Morgan Stanley acquired CityMortgage Bank, a mortgage bank that specializes in originating, servicing and securitizing residential mortgage loans in the Russian Federation. On December 4, 2006, it acquired Saxon Capital, Inc., a servicer and originator of residential mortgages, and FrontPoint Partners LLC, a provider of absolute return investment strategies. In April 2007, Morgan Stanley & Co., Incorporated and Morgan Stanley DW Inc. were merged into a single broker-dealer under the name Morgan Stanley & Co., Incorporated. In July 2007, Morgan Stanley's Morgan Stanley Real Estate acquired eight European Hilton hotels.
Fair Value according to S&P: 65.40
$60.85 (08/30/07)
