NEW YORK, Aug. 18, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces an investigation on the proposed acquisition of UnionBanCal Corp. ("UnionBanCal" or the "Company") (NYSE:UB).
On August 18, 2008, UnionBanCal announced that it has entered into a definitive merger agreement with Mitsubishi UFJ Financial Group ("MUFG"). Under the terms of the proposal, UnionBanCal shareholders would receive $73.50 per share in cash. The proposed acquisition is subject to customary conditions and regulatory approval. If you own common stock in UnionBanCal and wish to obtain additional information regarding your rights as a shareholder please contact us at the number listed below or visit www.zlk.com/ub.html
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About UnionBanCal Corp.
UnionBanCal Corporation operates as a bank holding company for Union Bank of California, N.A. that provides financial services to consumers, small businesses, middle-market companies, and corporations, primarily in California, Oregon, and Washington, as well as internationally.