MUFG says to buy 10-20 pct stake in Morgan Stanley

Mitsubishi UFJ Financial Group, Japan's largest bank, said on Monday it planned to take a stake of up to one-fifth in U.S. investment bank Morgan Stanley as part of a strategic alliance.
Mitsubishi UFJ Financial Group (MUFG) said in a statement on Monday it would buy 10-20% of the common stock of Morgan Stanley. It said it would decide on the amount it would pay after carrying out due diligence.
Buying 20% of Morgan Stanley would cost MUFG about $6 bln based on its total market value of $30 bln.
Morgan Stanley has been under pressure to raise capital amid a sharp fall in its share price.