MUFG finalises $9 billion investment in Morgan Stanley
In its search for strategic growth, Japan's largest financial group accepts financial terms that are less attractive than those on Buffett's recent investment in Goldman Sachs.
JapanÆs banking giant Mitsubishi UFJ Financial Group MUFG announced on September 29 via a press release that it has finalised its earlier flagged investment in Morgan Stanley. Under the terms of the deal, MUFG will invest a total of $9 billion for a 21% stake in the US investment bank on a fully diluted basis.
The two-pronged deal will see MUFG acquire 9.9% of common stock in the bank, priced at $25.25 per share for $3 billion. It will also...
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