David Faber reports that Morgan Stanley officials say those rumors about Mitsubishi pulling out of their deal with MS, are "far from the truth" and that "the deal is on track to close soon." Which proves...nothing.
Official word from Morgan:
"We have received the key regulatory approvals for Mitsubishi's $9 billion investment in Morgan Stanley. The deal has been approved by the FSA in Japan and by the Federal Reserve in the U.S. The transaction is expected to close imminently upon expiration of the Federal Reserve five-day post-approval waiting period."





Posted by guest, Oct 07, 2008 2:24PM
Well that seals it. If they are bothering to deny the rumors then the rumors must be true.