Mitsubishi UFJ invests $9 billion in Morgan Stanley

Revised deal gives Japanese banking giant 21% stake in investment firm... The buyer acquired $7.8 billion of perpetual non-cumulative convertible preferred stock with a 10% dividend and a conversion price pegged at $25.25 a share... Also under the revised terms, Mitsubishi UFJ Financial gets $1.2 billion of non-convertible preferred stock with a 10% dividend. It will get a seat on Morgan Stanley's board.