Davis Polk Advises Morgan Stanley on Its Acquisition of E*TRADE
2/20/2020

Davis Polk is advising Morgan Stanley on its $13 billion acquisition of E*TRADE Financial Corporation. The transaction is expected to close in the fourth quarter of 2020, subject to shareholder and regulatory approvals, and other customary closing conditions.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. With offices in more than 41 countries, Morgan Stanley’s employees serve clients worldwide, including corporations, governments, institutions and individuals. E*TRADE and its subsidiaries provide financial services including brokerage and banking products and services to traders, investors, stock plan administrators and participants, and registered investment advisers.

The Davis Polk team includes Managing Partner Neil Barr, corporate partners Marc O. Williams and Brian Wolfe and associates Michael Senders and Lucas Wozny. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partner Arthur J. Burke is providing antitrust and competition advice. Partner Michael Mollerus is providing tax advice. Partner Luigi L. De Ghenghi and counsel Zachary J. Zweihorn are providing financial institutions advice. Members of the Davis Polk team are based in the New York and Washington DC offices.