• 22 Sep 2008 at 8:31 AM

Mitsubishi Takes 20 Percent Stake In Morgan Stanley

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Continuing the Japanese glutton for punishment trend, Mitsubishi UFJ Financial Group has said it will take a twenty percent stake in the (erstwhile?) investment bank.
Press Release From Mitsubishi [PDF]

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Comments (22)

  1. 1
    Posted by guest | September 22, 2008 at 8:35 AM

    Can someone drive to Jersey and kick Charlie GAsparino in the face. Seriously, this guy is a knob
    Im sure John Mack answers his calls

  2. 2
    Posted by guest | September 22, 2008 at 8:36 AM

    Seriously?

  3. 3
    Posted by Master of None | September 22, 2008 at 8:36 AM

    Stock trading up on the news, at $30 right now; valuation will be based on BV after due diligence, which probably means $31+ if management was as conservative with the quarter’s earnings as they indicated.

  4. 4
    Posted by guest | September 22, 2008 at 8:41 AM

    you beat gaspar by 3 minutes

  5. 5
    Posted by guest | September 22, 2008 at 8:42 AM

    Bess, you miss Carney?
    Nice tag for this…ha

  6. 6
    Posted by guest | September 22, 2008 at 8:46 AM

    I predict that Mitsubishi will not get but instead will be on the receiving end of a “happy ending”.

  7. 7
    Posted by guest | September 22, 2008 at 8:51 AM

    unrelated, but General Motors has been added to the short-ban list? wtf? what’s next, Overstock.com?

  8. 8
    Posted by diablo | September 22, 2008 at 9:09 AM

    OK, so this makes Morgovia less likely? Sachovia is the wave of the future… And WaMu ends up in the arms of the FDIC because I don’t think C can hack it.

  9. 9
    Posted by guest | September 22, 2008 at 9:14 AM

    I think Mitsubishi owns the company that makes the Sham-wow. This will help with cleaning up the mess.

  10. 10
    Posted by guest | September 22, 2008 at 9:18 AM

    Nice to see Goldman cowering in the corner.
    BOFA rules the street

  11. 11
    Posted by guest | September 22, 2008 at 9:19 AM

    Nice to see Goldman cowering in the corner.
    BOFA rules the street

  12. 12
    Posted by guest | September 22, 2008 at 9:27 AM

    @10/11 fuck no

  13. 13
    Posted by guest | September 22, 2008 at 9:33 AM

    geez, it seems like i-banking is on the ropes
    who’d a thunk being levered 30-1 could be so risky????
    (or that such risktaking would f*ck even low level guys like me….)

  14. 14
    Posted by guest | September 22, 2008 at 9:36 AM

    @7
    Maybe because of GMAC – also in the crapper. Same with GE – about half their bottom line comes from GE Finance.

  15. 15
    Posted by guest | September 22, 2008 at 9:46 AM

    @12, really? Your right, Merrill wasnt a huge purchase or anything.
    Where do you work JT MARLIN you tool?

  16. 16
    Posted by Anal_yst | September 22, 2008 at 9:56 AM

    oy vey, here we go again…

  17. 17
    Posted by guest | September 22, 2008 at 10:04 AM

    @11 so when do you get fired when a Merrill employee takes your job?

  18. 18
    Posted by guest | September 22, 2008 at 10:18 AM

    Great, so GMAC (Cerberus) got bailed out too. Feinberg would have John Snow to thank no doubt.
    Nicely played Messrs Snow & Paulson.

  19. 19
    Posted by guest | September 22, 2008 at 10:45 AM

    These companies should DEFINITELY be on the list Deere, Ford, HOG, CAT, where does it end.

  20. 20
    Posted by guest | September 22, 2008 at 12:04 PM

    THIS IS GLUTTONY!
    A Japanese Bank/ financial service has just bought GE financial services in Japan, Namura bought Lehman’s business in Asia and today Japan is buying 20% of Morgan Stanley.All these happened in 2 weeks! Hey if you have junks at your backyard call Japan now!
    What else Japan going to buy? Their economy is slowing and on recession . Hey welcome to the club!Let’s share the love.
    They are more US assets Japan wanted to buy in USJ = United States of Japarica.

  21. 21
    Posted by guest | September 22, 2008 at 12:12 PM

    Oh the Japanese are buying again!
    Must be time to sell.

  22. 22
    Posted by guest | September 22, 2008 at 12:14 PM

    I guess China is rejoicing!
    Better spend your money back home in infrastractures , technologies, education and agriculture….I was there at the Olympics.

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