Morgan Stanley Reassessing Discover Spinoff Plans
Ann Davis and Robin Sidel report for the Wall St. Journal that Morgan Stanley's plan to spinoff Discover, announced in April, is being reassessed.
A big concern is that the credit-card unit may need a bigger capital infusion from Morgan Stanley to become a stand-alone, publicly traded entity, than previously was thought, these people say. The possible need for a larger infusion makes a spinoff of Discover less attractive, the people say.
Add your comment... (note that all comments are reviewed before they're published)