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Deals Rumor Mill: Morgan Stanley, Honeywell, Lyft

By Benjamin Horney (August 15, 2016, 5:26 PM EDT) -- Activist investor ValueAct Capital Management LP has taken a $1.1 billion stake in Morgan Stanley, it said on Monday, according to The Wall Street Journal. The activist fund hasn't yet made a move to effect change at the bank, and in fact said that it's the market and not the bank that has things wrong, spending too much time overanalyzing the company's lending and trading businesses and worrying about Federal Reserve oversight, ValueAct said in an investor letter seen by the Journal....

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