General Electric (NYSE: GE) may look to sell its 33% stake in Thai lender Bank of Ayudhya PCL, which is valued at around $2.2 billion, according to Bloomberg. www.ge.com
Morgan Stanley has agreed to acquire the 49% stake in retail brokerage Smith Barney it does not already own from Citigroup. The deal is structured as a multi-step, three-year process that values Smith Barney at $13.5 billion. Citigroup will take a $2.9 billion after-tax writedown on the deal.www.smithbarney.com
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