Shares of Morgan Stanley (NYSE:MS) ended Thursday session in green amid volatile trading. The shares closed up +0.35 points or 1.10% at $32.04 with 12.70 million shares getting traded. Post opening the session at $31.70, the shares hit an intraday low of $31.61 and an intraday high of $32.21 and the price vacillated in this range throughout the day. The company has a market cap of $61.14 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.”
Shares of Synchrony Financial (NYSE:SYF) ended Thursday session in red amid volatile trading. The shares closed down -0.47 points or -1.69% at $27.34 with 9.32 million shares getting traded. Post opening the session at $27.60, the shares hit an intraday low of $27.28 and an intraday high of $27.69 and the price vacillated in this range throughout the day. The company has a market cap of $22.96 billion and the numbers of outstanding shares have been calculated to be 833.93 million shares.
Synchrony Financial (SYF) President and Chief Executive Officer Margaret M. Keane and Executive Vice President and Chief Financial Officer Brian D. Doubles will participate in the Barclays Global Financial Services Conference in New York on Tuesday, September 13, 2016 at 7:30 am (Eastern time).
A live webcast and replay will be made available on the Synchrony Financial Investor Relations website at www.investors.synchronyfinancial.com.