UBS announces Credit Suisse acquisition paying CHF 3 billion
The UBS-Credit Suisse discussions were initiated jointly by the Swiss Finance ministry, FINMA, and the Swiss National Bank.
The UBS-Credit Suisse discussions were initiated jointly by the Swiss Finance ministry, FINMA, and the Swiss National Bank.
UBS is offering just CHF 0.25 per share for Credit Suisse, which would value CS at just USD $1B – only 1/7 of its current $7B market cap.