This is not a bad deal, at all, for existing (non-MUFG) UnionBanCal (UB: 0.00 0.00%) shareholders: a decent premium pushing the stock to a new 52wk high, amidst ongoing market woes, and not to mention UB’s last quote of $65+, which is above the $63 bid by Mitsubishi UFJ Financial Group (MTU: 5.09 -7.12%). Now, […]
Mitsubishi UFJ Overpaying for UnionBanCal
August 12th, 2008 · 1 Comment
Tags: M&A · Shareholder Value
