• Kyodo News


Mitsubishi UFJ Financial Group Inc. said Wednesday it will acquire $705 million worth of common stock to be issued by Morgan Stanley, up from the $600 million worth it had announced earlier.

MUFG also said the transaction will involve the acquisition of 29.375 million shares, up from the 25 million it had announced earlier this week. The transaction, which had been planned for Wednesday, will now take place May 22 instead.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.