Mitsubishi To Buy Stake In Morgan Stanley
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/400484865/Posted on Tuesday, September 23rd, 2008 | In Stocks to Watch
In what is being termed a strategic alliance by Morgan Stanley (MS), Mitsubishi UFJ (MTU) on Monday 09/22/08, announced that it will purchase a 10-20% stake in Morgan Stanley (MS). Mitsubishi UFJ (MTU) will make the investment after completion of its due diligence and upon the closing, will elect a representative to sit on the Morgan Stanley board.
According to Morgan Stanley, the investment “in addition to further strengthening the Firm’s capital position, this alliance would benefit Morgan Stanley and MUFG by providing each with a valuable strategic partner as it seeks to enhance its global footprint and capture financial services opportunities around the world. Morgan Stanley was granted approval yesterday by the U.S. Federal Reserve Board of Governors to become a Federal Bank Holding Company.”
Morgan Stanley’s (MS) stock which closed on Friday 09/19/08 at $27.21, opened at $30.76 on Monday, reached a high of $31.65, but ended up closing at $27.09, down $0.12.
Tags: Morgan Stanley Mitsubishi UFJ
Last 5 posts by Daniel Shepard
- Trade Recommendation For 10/15/09 - October 14th, 2009
- The Technical Trader – Coca-Cola FEMSA - October 14th, 2009
- Cisco To Acquire Starent - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
Federal Bank Holding, Mitsubishi, Morgan Stanley, MTU, MUFG, Stocks to Watch, US Federal Reserve Board, USD
 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.