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Tale of the Tape  

Morgan Stanley Up Big Again

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October 14, 2008 | Comment(s): 0
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MS | MTU

Morgan Stanley (MS - Analyst Report) shares scaled 20% gain this morning after it offered Mitsubishi UFJ Financial Group Inc. (MTU - Analyst Report) better terms for the latter’s $9 billion investment on Monday.

Mitsubishi’s entire investment, which will give it a 21% stake in Morgan Stanley, will now be in preferred shares paying 10% interest. It was earlier decided that Mitsubishi would get $6 billion in preferred shares and the rest in common stock. Mitsubishi was trading at $8.04 early today, but has since pulled back to the $7.80 range.


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