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Reuters first with possible Van Kampen sale by Morgan Stanley08.21.2009
Reuters broke news on Aug 21 that Morgan Stanley is reviewing options for its Van Kampen Investments unit and has been approached about a deal, as the Wall Street bank looks to fix its struggling asset management business. Sources told Reuters that a deal was not imminent and that options could include a sale of a stake in the business. The Wall Street Journal independently confirmed the story more than an hour-and-a-half later, crediting Reuters for breaking the news. Bloomberg had to cite Reuters in its report. |
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