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Morgan Stanley to buy E-Trade for $13 billion here's what to watch now

Friday, February 21, 2020, 8:23 AM

Morgan Stanley announced Thursday that it is buying E-Trade for $13 billion in an all-stock deal. Here's what Morgan Stanley's CEO and three others are watching now. James Gorman, chief executive of Morgan Stanley, shared the goal behind the acquisition. Jim Cramer, CNBC host of "Mad Money", said E-Trade was left with no choice than to make this deal.
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