Oh, Colm Kelleher. Methinks thou didst protest too much on that conference call yesterday.
This just out from the New York Times:
Morgan Stanley, one of the two last major American investment banks, is considering a merger with the Wachovia Corporation or another bank, according to people briefed on the discussions.
Morgan Stanley’s chief executive, John J. Mack, received a telephone call on Wednesday from Wachovia expressing interest in the Wall Street bank. Morgan Stanley is considering other options as well. Other banks have also expressed interest in Morgan Stanley.
The talks are preliminary and no deal may emerge
(H/T @StockJockey for the title)
Related links:
Mergers Arbs Balking at BAC/MER Deal – Paul Kedrosky