Morgan Stanley closed the $7 billion acquisition of Eaton Vance. Eaton Vance shareholders were offered payment both in cash, at $28.25 per share, and 0.5833 shares of Morgan Stanley common stock per Eaton Vance share, or a 50/50 split. Eaton Vance shareholders also received a special dividend of $4.25 per share, which was paid on December 18, 2020.