AGREEMENT AND PLAN OF MERGER dated as of October 7, 2020 by and among MORGAN STANLEY, MIRROR MERGER SUB 1, INC., MIRROR MERGER SUB 2, LLC and EATON VANCE CORP.Merger Agreement • October 8th, 2020 • Eaton Vance Corp • Investment advice • Delaware
This AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of October 7, 2020, is entered into by and among Morgan Stanley, a Delaware corporation (“Parent”), Mirror Merger Sub 1, Inc., a Maryland corporation and a direct, wholly owned Subsidiary of Parent (“Merger Sub 1”), Mirror Merger Sub 2, LLC, a Maryland limited liability company and a direct, wholly owned Subsidiary of Parent (“Merger Sub 2” and, together with Merger Sub 1, the “Merger Subs”), and Eaton Vance Corp., a Maryland corporation (the “Company”).
October 8, 2020 – FOR IMMEDIATE RELEASE Morgan Stanley to Acquire Eaton VanceAcquisition Agreement • October 8th, 2020 • Eaton Vance Corp • Investment advice
NEW YORK/BOSTON – Morgan Stanley (NYSE: MS) and Eaton Vance Corp. (NYSE: EV) have entered into a definitive agreement under which Morgan Stanley will acquire Eaton Vance, a leading provider of advanced investment strategies and wealth management solutions with over $500 billion in assets under management (AUM), for an equity value of approximately $7 billion. The acquisition advances Morgan Stanley’s strategic transformation with three world-class businesses of scale: Institutional Securities, Wealth Management and Investment Management.
