MUFG revises $9 bln investment in Morgan Stanley

Mon Oct 13, 2008 1:25pm BST
 
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TOKYO, Oct 13 (Reuters) - Japan's Mitsubishi UFJ Financial Group (8306.T) said on Monday it has invested $9 billion in U.S. Morgan Stanley (MS.N) under revised terms.

Mitsubishi UFJ, Japan's largest bank, said it bought the 21 percent stake in terms of voting rights entirely in preferred shares, against a previous plan to buy both common stock and preferred shares.

Mitsubishi UFJ had been seeking more favourable terms for the deal following a slide in Morgan Stanley's share price. [ID:nLD47330] (Reporting by Taro Fuse; Editing by David Holmes)

 
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