NEW YORK (Reuters) - Morgan Stanley (MS.N), which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp (WB.N), a person familiar with the situation told Reuters.
Separately, CNBC reported that Morgan Stanley was having deal discussions with CITIC, the China-controlled conglomerate that owns brokerage firm CITIC Securities (600030.SS). Morgan executives could not be reached immediately for comment on these talks. Morgan Stanley is considering other options, the source said. Other banks also have expressed interest in a deal, according to media reports late Wednesday. Both Wachovia and Morgan Stanley declined to comment on whether it was having takeover talks. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:269842 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
