Morgan Stanley Done With India, Best Buy Takeover Predictions: Merger and Acquisitions Wrap
Morgan Stanley (NYSE:MS) seeks to divest its India private wealth management division, say sources, only four years after entering the market. One source commented that “People get smitten by the India opportunity, but very few people will succeed in this market.”
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Hasbro (NYSE:HAS) says that it is not in discussions with The Walt Disney Company (NYSE:DIS) to become that giant’s next trophy, but the former’s shares are still trading at an elevated level compared to the last few weeks (they fell slightly Wednesday). A Disney deal coming directly after the Lucasfilm bombshell mystifies most analysts, but the chatter by itself has been sufficient to garner attention to Hasbro’s ample supply of untapped franchises.
The final offer for Best Buy Co. (NYSE:BBY) from Richard Schulze could go far lower than the $24 to $26 range that the ex-founder first placed on the deal. Some observers think that an initial offer might be announced next week when the firm presents to investors on November 13th at its Analyst and Investor Day in New York.