Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Saturday, March 24, 2007

Morgan Stanley Announces Spin-off of Discover

Morgan Stanley announced its plans to spin off its credit card operation, Discover, to its shareholders in a SEC filing.  The move has been long expected, as the credit card business was not seen as a key part of the investment firm's image.  See WSJ, Morgan Files to Spin Off Discover.

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