More On Discover Spin-Off
Landon Thomas Jr. reports for the New York Times on yesterday's announcement by Morgan Stanley that it plans to spin-off its Discover unit by summer following an internal strategic review of the business. The on, off, now on again spin-off plan could result in Discover having a public stock market capitalization of as high as $10 billion - if it's not first taken over by any of the large card issuing banks in the US.
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