Posted on 11/10/08
Morgan's Mitsubishi deal could be altered
Mitsubishi UFJ Financial Group Inc. (MUFG) could seek to renegotiate the terms of a planned $9-billion (U.S.) cash injection into investment bank Morgan Stanley, CNBC reported yesterday, even as sources said the deal was still on track to close on Tuesday. Unnamed people at Morgan Stanley, whose shares ended down 22 per cent after earlier losing more than double that, also said it was possible that the U.S.
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