New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:06 EDTMS, NGL, TLPMorgan Stanley to sell TransMontaigne stake to NGL Energy Partners for $200M
NGL Energy Partners LP (NGL) has entered into a definitive purchase agreement with affiliates of Morgan Stanley (MS) to acquire (i) TransMontaigne Inc (TLP), the owner of TransMontaigne GP L.L.C., the general partner of TransMontaigne Partners L.P., a master limited partnership that trades on the New York Stock Exchange, (ii) the limited partnership units of TransMontaigne Partners L.P. held by Morgan Stanley, amounting to approximately 19.7% of the outstanding units, and (iii) certain entities associated with the TransMontaigne business as well as the related inventory and pipeline and other contract rights. The definitive agreementcontemplates the purchase of Morgan Stanley's energy business related to TransMontaigne on a debt-free basis for a cash purchase price of $200M, including working capital, plus an additional amount for inventory transferred at the closing. The consummation of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. The acquisition is anticipated to close in the third quarter of 2014. The transaction does not involve the sale or purchase of any of the LP units owned by the public.
News For NGL;MS;TLP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 20, 2015
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
Subscribe for More Information
06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
Subscribe for More Information
May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
Subscribe for More Information
May 14, 2015
06:04 EDTMSUnivision IPO could launch 'in weeks,' NY Post reports
Subscribe for More Information
May 13, 2015
09:32 EDTMSMorgan Stanley fined $2M by FINRA for short interest reporting, rule violations
FINRA announced that it has fined Morgan Stanley & Co. LLC $2M for short interest reporting and short sale rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations. FINRA found that Morgan Stanley, over several years, failed to completely and accurately report its short interest positions in certain securities involving billions of shares. FINRA also found that the firm's supervisory system was deficient because it failed to detect and prevent these violations over an extended period of time. FINRA found that over a seven-year period, Morgan Stanley included positions from the accounts of non-broker-dealer affiliates in a number of aggregation units when determining each unit's net position. FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations. In concluding this settlement, Morgan Stanley neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
May 12, 2015
14:13 EDTMSBove says it may be time to buy bank stocks
Subscribe for More Information
07:48 EDTMSStandard & Poor's to hold a summit
Subscribe for More Information
May 11, 2015
17:02 EDTMSMorgan Stanley to sell Global Oil Merchanting unit to Castleton Commodities
Subscribe for More Information
12:51 EDTMSOn The Fly: Top stock stories at midday
Subscribe for More Information
08:18 EDTMSBanks executives seek to push back on 'false, damaging' statements, WSJ reports
Subscribe for More Information
07:07 EDTMSMorgan Stanley announces sale of Creative Circle to On Assignment
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use