Japan's MUFG to sell part of U.S. unit to US Bancorp for $8 bln [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Reuters
The payment will include $5.5 billion in cash and 44 million US Bancorp shares, or a 2.9% stake, that will allow it to forge a capital alliance with the Japan's biggest lender, the banks said in a press release. The deal is expected to close by the end of June next year, they added. Bloomberg reported the possible sale of MUFG Union Bank last week - a move that would mark a significant strategy shift for a lender that has had a presence in the United States for decades, but has recently said it wants to focus more on Asia. read more Japanese banks, including MUFG, have looked to expand overseas in a bid to boost profits because ultra-low interest rates and a shrinking population in Japan have made it difficult to increase earnings at home. MUFG Union Bank had around 300 branches as of the end of last year, with most of those retail branches on the West Coast of the United States, its website shows. With assets of $132 billion, it provides corporate, commercial and retail bank
Show less
Read more
Impact Snapshot
Event Time:
MUFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MUFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MUFG alerts
High impacting Mitsubishi UFJ Financial Group, Inc. news events
Weekly update
A roundup of the hottest topics
MUFG
News
- Origis Energy and MUFG Close $136 Million Project Financing for Florida Municipal Solar Project [Yahoo! Finance]Yahoo! Finance
- Bain proposes IPO of Japan's Kioxia to clear way for $5.8 bln loan refinance, source says [Reuters]Reuters
- Bain proposes IPO of Japan's Kioxia to clear way for $5.8 bln loan refinance, source says [Yahoo! Finance]Yahoo! Finance
- Climate investors target Japan's top banks, this time on board oversight, sources say [Reuters]Reuters
- MUFG Said to Discuss Buying $1.7 Billion Stake in HDFC Unit [Yahoo! Finance]Yahoo! Finance
MUFG
Sec Filings
- 4/17/24 - Form 6-K
- 4/9/24 - Form 424B2
- 4/9/24 - Form FWP
- MUFG's page on the SEC website