Morgan Stanley CEO explains bid on Eaton Vance in Q3 earnings call - Business Insider

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Morgan Stanley's CEO explains why the bank's $7 billion bid for Eaton Vance makes sense even with such a high price tag: 'I'm not ashamed to say it's fully priced'

. The closure of the E-Trade deal and announcement of the Eaton Vance acquisition in such quick succession had some industry watchers wondering if Morgan Stanley might be on the precipice of a buying frenzy.

"It certainly came hot on the tail of E-Trade," Gorman said. "We didn't want to communicate, all of a sudden, we're trying to do an acquisition week. We're not. We didn't control the timing."

 

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