Shares of Morgan Stanley (NYSE:MS) ended Tuesday session in red amid volatile trading. The shares closed down -0.14 points or -0.44% at $31.75 with 14.19 million shares getting traded. Post opening the session at $31.96, the shares hit an intraday low of $31.55 and an intraday high of $32.22 and the price vacillated in this range throughout the day. The company has a market cap of $60.66 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.
On September 6, 2016 Investment funds managed by Morgan Stanley Global Private Equity (collectively, “MSPE”) announced that they have completed an investment in Cadence Education, Inc. (“Cadence Education” or the “Company”). Financial terms of the transaction were not disclosed.
Cadence Education, headquartered in Scottsdale, AZ, is one of the United States’ leading providers of early childhood education, focusing on the care and curriculum-based education of children between the ages of six weeks and twelve years old. The Company’s national platform of more than 150 schools has the capacity to serve more than 20,000 students across 20 different states.
Aaron Sack, Co-Head of Morgan Stanley Global Private Equity, said, “We are excited to invest in Cadence Education, which is a leading provider of high quality early childhood education in the U.S. We look forward to supporting the talented management team during the coming years of organic and acquisition-fueled growth.”
Jim Howland, Managing Director and Operating Partner of Morgan Stanley Global Private Equity, added, “We are delighted to partner with a management team committed to providing an exceptional educational experience for children and peace of mind for parents. As with our prior investments in education, we look forward to supporting management as they further strengthen the company and its educational offering through investing in sophisticated marketing, technology and educational capabilities.”
Dave Goldberg, President and Chief Executive Officer of Cadence Education, said, “We are excited to partner with Morgan Stanley Global Private Equity and enter a new phase of growth. We are proud of the accomplishments of the entire Cadence Education team and expect this new partnership to help us continue to deliver the highest quality care and education to families. We expect this partnership to help us to deliver on our brand promise and continue our mission of becoming the leading provider of early childhood education.”
Shares of Barclays PLC (ADR) (NYSE:BCS) ended Tuesday session in red amid volatile trading. The shares closed down -0.18 points or -1.93% at $9.13 with 5.20 million shares getting traded. Post opening the session at $9.23, the shares hit an intraday low of $9.07 and an intraday high of $9.25 and the price vacillated in this range throughout the day. The company has a market cap of $38.98 million and the numbers of outstanding shares have been calculated to be 16.91 billion shares.
Barclays PLC (ADR) (BCS) provides various financial products and services worldwide. The company offers personal and corporate banking, mortgage, and wealth and investment management services to individuals and businesses; and retail and business banking, cards, corporate and investment banking, and wealth management and insurance services.