Reports: Mitsubishi UFJ, Morgan eye Japan merger

TOKYO (AP) — Mitsubishi UFJ Financial Group Inc. and U.S. investment bank Morgan Stanley are weighing a merger of their brokerage units in Japan, media reports said Friday.

Japanese public broadcaster NHK reported plans for the merger but did not provide details or cite sources.

Kyodo News agency, quoting sources familiar with the matter, also said Mitsubishi UFJ, Japan's largest bank, was considering merging its securities unit with Morgan Stanley's brokerage operation in Japan.

Mitsubishi UFJ said in a statement Friday that nothing had been decided. The Japanese bank declined to comment further.

Mika Watanabe, a spokeswoman of Morgan Stanley in Japan, said, "Nothing concrete has been decided."

Finance secretary: Ky.... // Daily Journal

Companies Pursuing A Global Strategic Alliance Leveraging Both MUFGs and Morgan Stanleys Significant Global Platforms and Leading Franchises

Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley ( NYSE: MS ) today announced that the two companies have reached a definitive agreement under which MUFG is investing $9 billion in equity in Morgan Stanley for a 21 percent interest in the Company on a fully diluted basis. MUFG will acquire 9.9 percent of Morgan Stanleys common stock on a primary basis at a price of $25.25 per share, for a total of $3 billion. MUFG will also acquire $6 billion of perpetual non-cumulative convertible preferred stock with a 10 percent dividend and a conversion price of $31.25 per share.

MUFG, Japans largest financial group and the worlds second largest bank... // WebWire

Tokyo, Oct 3, 2008 (Jiji Press) - A possible merger between the Japanese brokerage operations of Mitsubishi UFJ Financial Group Inc. and Morgan Stanley would intensify competition across the Japanese banking and brokerage industries.

Sources say the Japanese financial group and the U.S. investment bank are considering combining Mitsubishi UFJ Securities Co. and Morgan Stanley Japan Securities Co. in a deal that would create an entity as big as Japanese industry leader Nomura Holdings Inc. .

If created, the merged entity would dethrone Nomura as top player in the Japanese merger-and-acquisition advisory service market for Japanese firms.

Through the merger, Mitsubishi UFJ Financial hopes to maximize the benefits of its alliance with the U.S. investment bank. The Japanese group will... // Japan Corporate News

Mitsubishi UFJ Financial Group, Inc. is considering merging its brokerage wing with Morgan Stanley's Japanese unit, industry sources said.

If the plan goes ahead, the resulting new entity would be Japan's largest merger and acquisition (M&A) advisory company, surpassing Nomura Holdings, Inc.

Mitsubishi UFJ Financial Group will shortly invest 9 billion dollars, or approximately 950 billion yen in Morgan Stanley whose share prices sharply... // Mainichi Daily News

The Associated Press (Enlarge photo)

TOKYO (AP) Mitsubishi UFJ Financial Group Inc. and U.S. investment bank Morgan Stanley are weighing a merger of their brokerage units in Japan, media reports said Friday.

Japanese public broadcaster NHK reported plans for the merger but did not provide details or cite sources.

Kyodo News agency, quoting sources familiar with the matter, also said Mitsubishi UFJ, Japan's largest bank, was considering merging its securities unit with Morgan Stanley's brokerage operation in Japan.

Mitsubishi UFJ said in a statement Friday that nothing had been decided. The Japanese bank declined to comment further.

Mika Watanabe, a spokeswoman of Morgan Stanley in Japan, said, "Nothing concrete has been decided."

The reported move follows a deal announced last month under... // The Associated Press

Tokyo, Oct 3, 2008 (Jiji Press) - Mitsubishi UFJ Financial Group Inc. 8306 and major U.S. investment bank Morgan Stanley are considering merging their Japanese brokerage units, informed sources said Friday.

The units are Mitsubishi UFJ Securities Co. and Morgan Stanley Japan Securities Co., according to the sources.

The deal, if clinched, will create one of Japan's biggest brokerage firms with a size equivalent to that of Nomura Holdings Inc. 8604.

The merged entity is expected... // Japan Corporate News

    TOKYO, Oct. 3 (Xinhua) -- Mitsubishi UFJ Financial Group Inc. is mulling merging its securities unit, Mitsubishi UFJ Securities Co., with U.S. investment bank Morgan Stanley's Japanese securities unit, Kyodo News Agency reported Friday.

    The company's merger with Morgan Stanley Japan Securities Co., if realized, will make one of the largest wholesale securities service firms in Japan, whose business includes mergers and acquisitions as well as bond underwriting.

    Further negotiations between the two firms are expected to pinpoint the method and timing of the merger... // Xinhua

TOKYO, Oct 02, 2008 (Xinhua via COMTEX) -- MS | Quote | Chart | News | PowerRating -- Mitsubishi UFJ Financial Group Inc. is mulling merging its securities unit, Mitsubishi UFJ Securities Co., with U.S. investment bank Morgan Stanley's Japanese securities unit, Kyodo News Agency reported Friday.

The company's merger with Morgan Stanley Japan Securities Co., if realized, will make one of the largest wholesale securities service firms in Japan, whose business includes mergers and acquisitions as well as bond underwriting.

Further negotiations between the two firms are expected to pinpoint the method... // Trading Markets

Oct. 3 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , Japan's biggest bank, denied it plans to merge its brokerage unit with a local subsidiary of Morgan Stanley .

A report by Japanese broadcaster NHK saying the two units will merge is untrue, Takashi Takeuchi, a spokesman for Tokyo- based Mitsubishi UFJ, said by phone. Mitsubishi UFJ will decide the details of its capital alliance with Morgan Stanley by the end of June, the bank said in a statement to the Tokyo Stock Exchange.

Mitsubishi UFJ agreed last month to buy $3 billion of common stock and $6 billion of convertible preferred stock in the Wall Street firm.... // Bloomberg

TOKYO : Mitsubishi UFJ Financial Group Inc. and U.S. investment bank Morgan Stanley have agreed to merge their brokerage units in Japan, media reports said Friday.

Japanese public broadcaster NHK, citing no sources, announced plans for the merger but did not provide details.

Kyodo News agency, quoting sources familiar with the matter, said Mitsubishi UFJ, Japan's largest bank, was considering merging its securities unit with Morgan Stanley's brokerage operation in Japan.

Mitsubishi UFJ said in a statement Friday that nothing had been decided. The Japanese bank declined to comment further.

Mika Watanabe, a spokeswoman of Morgan Stanley in Japan, said, "Nothing concrete has been decided."

The reported move follows a deal announced last month under... // International Herald Tribune

Oct. 3 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , Japan's biggest bank, denied it will merge its brokerage unit with a local subsidiary of Morgan Stanley.

A report by Japanese broadcaster NHK saying the two units will merge is untrue, Takashi Takeuchi , a spokesman for Tokyo- based Mitsubishi UFJ, said by phone. Mitsubishi UFJ will decide the details of its capital alliance with Morgan Stanley by the end of June, the bank said separately in a statement to... // Bloomberg

Oct. 3 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , Japan's biggest bank, denied it will merge its brokerage unit with a local subsidiary of Morgan Stanley.

A report by Japanese broadcaster NHK saying the two units will merge is untrue, Takashi Takeuchi, a spokesman for Tokyo- based Mitsubishi UFJ, said by phone.

NHK reported the merger on its Web site earlier, saying the timing and other details of the deal haven't been decided. It... // Bloomberg

Oct. 3 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , which agreed last month to acquire 21 percent of Morgan Stanley, will merge its brokerage unit with a Japanese subsidiary of the U.S. company, Japan's NHK reported, without citing anyone.

The timing and other details of the merger between Mitsubishi UFJ Securities and Morgan Stanley's Japan brokerage unit haven't been decided, NHK reported on its Web site, without saying where it obtained the information.... // Bloomberg