Shares of UnionBanCal Corp. (NYSE: UB) surged $7.69 to close at $73.18 after Japanese bank Mitsubishi UFJ Financial Group Inc. (NYSE: MTU) raised its bid to buy the rest of the California bank for $3.5 billion. Mitsubishi UFJ stock edged up 15 cents to close at $7.48.
Mitsubishi UFJ Ups Bid For UnionBanCal
August 18, 2008 at 18:46 PM EDT
