- Cash tender offer to be commenced on August 18, followed by a second-step merger.
- Following the merger, UNBC would become a wholly owned indirect subsidiary of MUFG.

Other headlines for [UB]

• UB 10/20/2008 08:01am
  Union BankCal Corp Reports Q3 $0.75 v $1.09e, R $721M v $727.7Me- ROA 0.72% v 1.12% y/y - ROE 12.8% v 9.55% y/y - Net interest margin 3.67%v 3.51% y/y - Provision for loan losses $117M v $16M y/y - No guidance more...
  

Financials sector headlines

• TRAD Today 07:41am
  TradeStation Group Inc Reports Nov DARTs 122.7K v 103.1K y/y (+19% y/y)- Total client assets $1.55B v $1.78B y/y -13% y/y - Avg equities Client margin balances -64% y/y
  
• OZM Today 07:36am
  Och-Ziff Capital Management Reports estimated unaudited AUM of "about" $27.7B as of Dec 1 (-19% m/m) - filing- OZM notes this AUM figure reflects a net decrease of about $700M m/m - OZ Master Fund, Ltd. Nov -2.19%, YTD more...
  
• Today 07:07am
  (GE) German Finance Ministry: Comments in Brussels that state aid for Commerzbank not yet concluded
  
• TRH Today 07:04am
  Transatlantic Holdings Inc Files mixed securities shelf - filing
  
• EIFF.FR Today 06:57am
  Societe de la Tour Eiffel Sells Parisian hotel for €15M