Bats: Bats IPO Reversal May Cost Morgan Stanley, Banks $7.1 Million

Morgan Stanley and banks on Bats Global Markets Inc.'s (BATS) initial public offering may lose $7.1 million in fees after the exchange operator withdrew its IPO, felled by a system crash that hurt Apple Inc. (AAPL) and its own stock.But Perez, like every other pitcher in southwest Missouri, is all too aware of danger of their trade and thus very welcoming of new aluminum bats that have been deemed safer and mandated statewide this year. The Bat-Ball Coefficient of RestitutionMorgan Stanley

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