national Morgan Stanley rebounds after sale of preferred shares Morgan Stanley got a much-needed cash infusion Monday, raising $9 billion by selling preferred shares to the Japanese bank Mitsubishi UFJ Financial Group Inc. Morgan Stanley's shares surged. The closing of the deal comes a day earlier than expected, and with revised parameters for what Mitsubishi will receive for its investment. The deal, which gives Mitsubishi a 21 percent stake in Morgan Stanley, was revised after Morgan Stanley lost nearly 60 percent of its value last week amid speculation the deal would not close. Investors on Monday poured back into Morgan Stanley shares, which last week plunged 60 percent. Shares recouped $8.42, or 87 percent, to close at $18.10. GM to close Michigan stamping plant ...
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