Mitsubishi UFJ Aims To Raise $11.2B In Stock Offer

Law360, New York (November 18, 2009, 3:16 PM EST) -- Mitsubishi UFJ Financial Group Inc. has announced it will issue up to ¥1 trillion ($11.2 billion) in common stock in an effort to strengthen the overall group's capital base.

The Japanese bank said Wednesday that it had decided to file a shelf registration statement, and that the effective period would be within a year of the registration becoming effective.

The same day, Mitsubishi and Morgan Stanley & Co. Inc. said they planned to work together to further integrate their securities operations in Japan.

The parties are...
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