Mitsubishi UFJ Financial Group, Inc.
(“MUFG”) (NYSE: MTU), Japan’s largest financial group and the world’s
second largest bank holding company with $1.1 trillion in bank deposits, and
Morgan Stanley (NYSE: MS), a global financial services firm and a market leader
in investment banking, today announced that MUFG has closed on a $9 billion
equity investment in Morgan Stanley that gives MUFG a 21 percent ownership
interest in Morgan Stanley on a fully diluted basis. The investment is part of a
previously announced global strategic alliance.Under the revised terms of the transaction, MUFG has acquired $7.8 billion of
perpetual non-cumulative convertible preferred stock with a 10 percent dividend
and a conversion price of $25.25 per share, and $1.2 billion of perpetual
non-cumulative non-convertible preferred stock with a 10 percent dividend.
The full press release is below:
