Mitsubishi UFJ Financial Group, Inc. (MUFG) has decided to purchase shares of common stock of Morgan Stanley in the public offering announced by Morgan Stanley on June 2, 2009 as described below.
MUFG and Morgan Stanley are currently engaged in discussions on a global strategic alliance in a broad range of fields, including corporate finance and investment banking, retail financial business, and asset management. The purpose of this investment by MUFG is to maintain and strengthen the strategic alliance between MUFG and Morgan Stanley.
1. Acquisition of common stockNumber of shares to be acquired: 16,034,985shares
Total amount of share acquisition: Approx.US$440 million (US$27.44 per share)
Closing date (planned): June 15, 2009 (New York time)
As a result of these transactions, MUFG will continue to hold more than 20% of the common stock of Morgan Stanley (including the common stock of Morgan Stanley already owned by MUFG and assuming full conversion of the Morgan Stanley convertible preferred stock owned by MUFG).
D.C.