Morgan Stanley (MS) and Citigroup (C) have delayed setting a valuation for their Smith Barney brokerage JV from this week until Sept. 10. The postponement comes as the banks squabble over MS's purchase of a 14% stake from Citigroup; the latter values its 49% holding in the JV at $11B, while MS's bid represents 40% of that estimate. Perella Weinberg has been brought to help settle the dispute.
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