News Headline Summary

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

Reaction details (00:03)

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

Analysis details (23:27)

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

12 Dec 2012 - 23:26 - Equities - Source: Newswires

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