BUZZ-WPP: MS sells 22 mln shares
** Advertising gaint WPP (Frankfurt: A1J2BZ - news) down 1.9 pct, third biggest faller on UK blue chip index, after Morgan Stanley (Xetra: 885836 - news) sells 22.5 mln shares in co via accelerated bookbuild (announced after market close on Monday)
** MS says offering is being undertaken to hedge its exposure under derivative transactions it entered into with Asatsu-DK in relation to its entire stake in the company
** WPP shares down nearly 24 pct YTD
** Last week, MS trimmed rating on stock to "equal-weight" from "overweight" (RM (LSE: RM.L - news) :rahul.b.thomsonreuters.com@reuters.net)