Morgan Stanley pays for TDC block
Morgan Stanley was left holding 59m shares in Danish telecoms firm TDC following an accelerated bookbuild, it said on Wednesday. That is 46% of the 128.7m shares in the deal, 7.15% of the company, and at 3pm CET on Wednesday represented a headline loss Dkr56.1m ($9.88m), gross of fees and commissions.
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