Morgan Stanley just made its biggest deal since the financial crisis and says it wants to do more

FAN Editor

Morgan Stanley announced Monday it will buy Solium Capital, a Canadian company that prepares stock plans for start-ups, for $900 million.

The Wall Street bank said it will pay C$19.15 per share for the Calgary-based Solium, adding it expects the transaction to close in the second quarter of the year.

The deal is Morgan Stanley’s biggest since the financial crisis and comes three days after the biggest bank merger in a decade was announced. BB&T agreed to buy SunTrust Banks for more than $28 billion in an all-stock deal.

Morgan Stanley CEO James Gorman told The Wall Street Journal he’d like to “do more” acquisitions moving forward. “Last year was the first time we felt comfortable that we could even consider” acquisitions.

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