Morgan Stanley will buy the investment
management firm Eaton Vance in a deal valued
at about $7 billion.
Morgan Stanley has actively gone after potential
targets this year. The prosed acquisition
Thursday comes just days after it closed on one
of the biggest deals on Wall Street since the
2008 financial crisis, the $13 billion takeover of
E-Trade Financial.
Eaton Vance, based in Boston, has over $
billion in assets under management.
Morgan Stanley Chairman and CEO James
P. Gorman said in a prepared statement
Thursday that Eaton Vance will add more fee-
based revenues to its investment banking and
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