Morgan Stanley and Citi Agree to Extend JV Appraisal Period

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) and Citigroup have agreed to extend the date on which the determination of fair market value of the Morgan Stanley Smith Barney joint venture and the related deposit amount is to be made to September 10, 2012.

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Morgan Stanley
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Wesley McDade, 212-761-2430
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Celeste Mellet Brown, 212-761-3896

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