Emerging Markets in the News

MUFG BUYS INTO MORGAN STANLEY

Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG) has acquired a 21 percent stake in Morgan Stanley for $9 billion in a strategic alliance covering a broad range of areas including corporate and investment banking, retail banking and asset management. Approximately $7.8 billion of this investment is perpetual non-cumulative convertible preferred stock with a conversion price of $25.25 per share and approximately $1.2 billion is perpetual non-cumulative non

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