Mitsubishi UFJ Buys 21 Percent Stake in Morgan Stanley

Japanese banking giant Mitsubishi UFJ has purchased a 21% stake in troubled U.S. investment bank Morgan Stanley for a reported $9 billion.

The purchased price clearly favored Mitsubishi UFJ after shares of Morgan Stanley tumbled as the banking crisis decimated Wall Street.

As part of the deal Mitsubishi UFJ will receive preferred stock that produces a 10% dividend.

Read more Business News on The Global Market Directory.

About The Global Market Directory (TheGMD)

TheGMD is a financial networking community for Public Companies, Brokerage Firms, Stock Brokers and Individuals. Members can network and link with each other, participate in discussions on financial stock message boards, display pictures and upload videos.

The GMD is a member of the TransWorldNews, Inc. family of sites. Members can distribute press releases through The GMD and receive distribution over all TransWorldNews news outlets.

Create your profile on The Global Market Directory