By Jody Chudley Asset manager Eaton Vance (NYSE: EV) has some very happy shareholders these days.
Let me show you why…
Za-za-za-zoom!
Eaton Vance shares are up 84% in the past six months, with almost all of that increase coming in just one day.
The catalyst that created this huge share price jump was the announcement that Morgan Stanley (NYSE: MS) was acquiring Eaton Vance for nearly $60 per share.
That was a huge premium to the $36 share price that Eaton Vance was trading at the day prior.
After seeing their shares go nowhere for months, Eaton Vance shareholders were rewarded with several years’ worth of stock market …read more
