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Morgan Stanley Acquires Significant Stake in Dropsuite Limited

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Morgan Stanley Acquires Significant Stake in Dropsuite Limited

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Dropsuite ( (AU:DSE) ) has shared an update.

Morgan Stanley and its subsidiaries have become substantial holders in Dropsuite Limited, a company that specializes in cloud-based backup solutions. Morgan Stanley’s acquisition of 3,817,374 ordinary shares, representing a 5.43% voting power, signifies a significant investment in Dropsuite, potentially impacting the company’s market position and stakeholder interests.

More about Dropsuite

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $255M

See more insights into DSE stock on TipRanks’ Stock Analysis page.

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