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Westlaw News

IN BRIEF: Davis Polk counsels Morgan Stanley on $13 bln E*Trade bid

Morgan Stanley tapped its longtime law firm Davis Polk & Wardwell as counsel on its bid to buy discount brokerage E*Trade Financial Corp for approximately $13 billion, a deal announced Thursday - the biggest deal by a Wall Street bank since the financial crisis.

E*Trade turned to Skadden Arps Slate Meagher & Flom, that firm said in a statement on Thursday.

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