Citigroup (C) and Morgan Stanley (MS) hire Perella Weinberg to appraise the value of Morgan...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) and Morgan Stanley (MS) hire Perella Weinberg to appraise the value of Morgan Stanley Smith Barney. Citigroup, still holding a 49% stake and planning to sell more, values the brokerage at about $22B. Not surprisingly, Morgan - the buyer - sees a far lower value, reportedly $9B. (previous)