(Reuters) - NEW YORK, July 31 - Morgan Stanley said on Tuesday it plans to sell part of its stake in index and risk analytics provider MSCI Inc. through an initial public offering as it focuses on its core brokerage business.
The investment bank, which owns 96.6 percent of MSCI's shares outstanding, said that while it plans to initially sell a minority interest later this year, "it would be beneficial to ultimately divest its remaining interest in MSCI."
Read more at Reuters.com Mergers News
The investment bank, which owns 96.6 percent of MSCI's shares outstanding, said that while it plans to initially sell a minority interest later this year, "it would be beneficial to ultimately divest its remaining interest in MSCI."
Read more at Reuters.com Mergers News
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