23.09.2008 - Why a China deal didn’t work out for Morgan Stanley
From The WSJ Deal Journal blog: [Morgan Stanley’s potential] deal with China Investment Corp. foundered on a number of issues, says a person close to the deal, including an inability to agree on terms and concerns over regulatory approval in both China and the U.S. At a time when Morgan Stanley and other institutions may not have the luxury of waiting another day to escape spooked investors, waiting around for approvals from Beijing is a deal breaker... Full article: Source