Mitsubishi UFJ to boost acquisition of Morgan Stanley’s common stock

TOKYO — Japan’s biggest bank, Mitsubishi UFJ Financial Group Inc., said Wednesday it will swap a larger amount of its preferred shares in Morgan Stanley for common stock to keep its voting rights stake of the U.S. bank above 20 percent.

Japan’s biggest bank to swap $600 mln of Morgan Stanley preferred shares for common stock

TOKYO — Japan’s biggest bank, Mitsubishi UFJ Financial Group Inc., said Monday it will swap $600 million of its preferred shares in Morgan Stanley for common stock to keep its voting rights stake of the U.S. bank above 20 percent.