Multi Packaging Solutions International Limited (NYSE:MPSX) [Trend Analysis] retains strong position in active trade, as shares scoring 23.63% to $17.79 in a active trade session, while looking at the shares volume, around 20.26 Million shares have changed hands in this session. WestRock Company (WRK) along with Multi Packaging Solutions International Limited (MPSX) reported an contract for WestRock to acquire all of the outstanding shares of Multi Packaging Solutions for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a total enterprise value of $2.28 billion.
The acquisition is expected to be immediately accretive to WestRock’s financial results, both on an earnings per share basis and cash flow basis, inclusive of purchase accounting adjustments. Headquartered in New York, Multi Packaging Solutions is a global provider of print-based specialty packaging solutions. On a trailing twelve-month basis as of September 30, 2016, Multi Packaging Solutions generated revenue of $1.6 billion and Adjusted EBITDA of $237 million. The firm has institutional ownership of 99.30%, while insider ownership included 0.40%. MPSX attains analyst recommendation of 2.80 with week’s performance of 25.37%. Investors looking further ahead will note that the Price to next year’s EPS is 22.39%.
Morgan Stanley (NYSE:MS) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 1.84% to 42.73 with around 12.13 Million shares have changed hands in this session. The SEC declared that Morgan Stanley Smith Barney (MS) and Citigroup Global Markets (C) will pay more than $2.96 million each to settle charges that they made false and misleading statements to investors about a foreign exchange trading program product. Registered representatives at both firms sold a foreign exchange trading program known as “CitiFX Alpha” to Morgan Stanley consumers from August 2010 to July 2011, according to the SEC.
Citigroup held a 49% ownership interest in Morgan Stanley Smith Barney at the time. The SEC complaint says the sales personnel used the program’s past performance and risk metrics in investor presentations. They also failed to adequately disclose that investors could be required to borrow more than advertised to participate and that markups would be charged on each trade. Investors suffered important losses as a result of the undisclosed leverage and hidden markups, says the SEC. The stock is going forward its fifty-two week low with 105.67% and lagging behind from its 52-week high price with -4.19%.
Similar, the positive performance for the quarter recorded as 28.55% and for the year was 75.25%, while the YTD performance remained at 1.14%. MS has Average True Range for 14 days of 0.96.