We want to notify you about the merger between E*TRADE Financial Corporation (ETFC) and Morgan Stanley (MS) which is scheduled for completion on Monday (05/10/2020). As MS is the acquirer, ETFC’s stocks will cease trading before the completion date. However, the settlement date of the corporate transaction is not certain yet.
Therefore, all JFD clients who will be holding open positions on ETFC’s stocks at market close on 02/10/2020 will receive in their trading accounts new MS shares as follows:
You may read more about the merger on Morgan Stanley’s website. To read the latest stock market news and analysis, you may visit JFD Research, where you will find plenty of actionable insights published by our experts.