Morgan Stanley had no talks for US govt stake-source

Fri Oct 10, 2008 4:47pm EDT
 
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NEW YORK, Oct 10 (Reuters) - Morgan Stanley (MS.N) has not had discussions with the U.S. Treasury or the Federal Reserve about the government taking a stake in the bank, a person familiar with the matter said on Friday.

Earlier, CNBC reported that it was possible the U.S. Treasury could acquire a stake in the company.

Morgan Stanley has a deal for a $9 billion investment by Japan's top bank, Mitsubishi UFJ Financial Group Inc (8306.T), which is expected to close on Tuesday. (Reporting by Paritosh Bansal; Editing by Gary Hill)

 
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