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Morgan Stanley Paying $900 Million for Canada's Solium Capital

Maylan Studart

announced Monday it would buy Canadian employee stock plans manager Solium Capital Inc. for $900 million. Morgan Stanley will be paying $900 million, or C$19.15 ($14.42) per share for the software company, more than a 40% premium over Friday's closing price of C$13.36 ($10.06). Solium Capital is a global provider of software-as-a-service for equity administration, financial reporting and compliance.