WASHINGTON, Aug. 19, 2008 (GLOBE NEWSWIRE) -- The law firm of Finkelstein Thompson LLP is currently investigating potential breach of fiduciary duty shareholder claims arising from the proposed acquisition of UnionBanCal Corp. ("UnionBanCal" or the "Company") (NYSE:UB) by Mitsubishi UFJ Financial Group ("MUFG").
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 proposed acquisition, UnionBanCal shareholders would receive $73.50 per share in cash. Finkelstein Thompson LLP is investigating the adequacy of the consideration to be paid to UnionBanCal shareholders and the overall fairness of the proposed acquisition.
If you currently hold UnionBanCal securities, please contact FT's Washington, DC office at (877) 337-1050 or by email at contact@finkelsteinthompson.com to discuss your rights.