Rochester, NY 8/7/2009 6:50:16 PM
JPM - Morgan Stanley Pay $950 Million Of Warrants Issued
JP MORGAN CHASE CO
JP MORGAN CHASE CO, JPM
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Morgan Stanley agreed to pay $950 million to buy back warrants issued to the government as part of the Treasury Department's capital infusion to banks last year.The payment means the government made $1.27 billion, including dividends, on its $10 billion investment in the firm. The government received both preferred stock.
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