Wall St. dealmaking intensifies as markets fall

Politics & Business / Money And Finance

5
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Wall St. dealmaking intensifies as markets fall

Wall Street dealmaking reached fever pitch, with Morgan Stanley holding preliminary sale talks, while other financial firms scrambled to find buyers as fear gripped markets, sending Asian stocks sharply lower. With the financial landscape undergoing its most dramatic transformation since the Great Depression, potential takeovers lurked for No. 2 U.
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