UBS To Buy Credit Suisse in $2 Billion All Stock Deal

Investopedia

By Taylor Tompkins

March 19, 2023

UBS (UBS) will absorb Credit Suisse (CS) in a $2 billion all stock deal brokered by the government to prevent the latter embattled bank from failing.

Financial Times reports that the two banks had little interaction, and that the Swiss government is working on changing rules that require a six-week shareholder comment period.1

 Swiss authorities will also offer UBS a $100 billion credit line to sweeten the terms.

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