As part of the revised deal, Mitsubishi will receive $7.8 billion in convertible preferred stock that carries a 10 percent dividend and is convertible at a price of $25.25 per share. The Japanese bank will also receive $1.2 billion in non-convertible preferred stock, which also carries a 10 percent dividend.
The deal was revised after Morgan Stanley lost nearly 60 percent of its value last week amid speculation the deal would not close.
Shares of Morgan Stanley rose 25.2 percent to $12.12 in premarket trading.
