Davis Polk Advises Morgan Stanley on $1 Billion Preferred Stock Offering
Davis Polk advised Morgan Stanley in connection with its $1 billion SEC-registered offering of 40,000,000 depositary shares, each representing a 1/1,000th interest in a share of its fixed-to-floating-rate noncumulative preferred stock, Series K.
The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael Steinberg and associate Steve Sorkin. The tax team included partners Po Sit and Lucy W. Farr and associates Andrew A. Smith and Mahalia S. Burford. Partner Gregory S. Rowland, counsel Sarah E. Kim and associate Colleen Blanco provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.
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