(Opalesque) Morgan Stanley has agreed to buy Boston-based investment manager Eaton Vance Corp for about $7 billion in a cash-and-stock deal that can quickly expand its investment-management business The Wall Street bank’s investment arm Morgan Stanley Investment Management (MSIM) will almost double in size to $1.2tn in assets with the purchase of Eaton Vance, one of America’s oldest fund houses.
Morgan Stanley snaps up asset manager Eaton Vance in in $7bn deal
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