Morgan Stanley And Citi Agree To Extend JV Appraisal Period

Morgan Stanley (NYSE: MS) and Citigroup have agreed to extend the date on which the determination of fair market value of the Morgan Stanley Smith Barney joint venture and the related deposit amount is to be made to September 10, 2012.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Copyright Business Wire 2010

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