Morgan Stanley Announces $2 Billion Public Offering of Common Equity, Plans for $3 Billion Public Of

[Lucky Luciano]

Source: BusinessWire

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that it has commenced a public offering of $2 billion of its common stock for sale to the public.

Additionally, Morgan Stanley announced that it intends to offer approximately $3 billion in aggregate principal amount of senior notes in a registered public offering. The notes will not be guaranteed by the FDIC.

Morgan Stanley & Co. Incorporated will serve as the sole bookrunner for both offerings. For the common stock offering, the underwriter will have a 30-day option to purchase up to an additional 15 percent of the offered amount of common stock from Morgan Stanley to cover over-allotments, if any.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 36 countries.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A registration statement relating to these securities has been filed and is effective. A written prospectus for the offerings meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) may be obtained from Morgan Stanley & Co. Incorporated, Attn: Prospectus Department, 180 Varick Street, New York, New York 10014, or by calling toll free 1-866-718-1649 or emailing at [e-mail].


Contacts
For Morgan Stanley
Media Relations:
Mary Claire Delaney, 212-762-6880
or
Investor Relations:
Suzanne Charnas, 212-761-3043


Read more: http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090507006519&newsLang=en

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Just hit the tape seconds ago - 30 min after Wells Fargo. Get on the bandwagon - do it now while prices are stil hot and high - before they become heavy!

[Jack from Charlotte]

1. Heard a discussion months ago about when we'll know the worst is over....

is over regarding the worst of the financial system near meltdown. Consensus was.... when financial institutions are able to do successful public offerings of their securities.

So this may be very good news from that standpoint. Selling $2 worth of stock in a broker firm would have been laughable just a few months ago.