Morgan Stanley to Acquire Solium Capital

Morgan Stanley will pay $900 million to acquire Solium Capital Inc., a Calgary, Alberta company which manages the stock that corporate employees receive as part of their pay. According to a story in The Wall Street Journal, Solium’s 3,000 corporate clients have a combined one million employees. Morgan Stanley’s existing stock-plan business has about 330 corporate clients and covers 1.5 million employees. Morgan Stanley expects the deal to be finalized by June 30.