News Headline Summary

Mitsubishi UFJ Financial (8306 JT) is said to be planning purchase of Bank of America stake in venture for JPY 39bln

Update details:

- The sale marks an end to the six-year venture with Bank of America as the Tokyo-based company deepens ties with Morgan Stanley.

Reaction details:

- Co. shares opened higher by 1.1% in Tokyo.

Print 23:27, 12 Dec 2012 - Asian News - Source: Newswires