UBS agrees to acquire Credit Suisse for more than $2bn

by | Mar 19, 2023

UBS agreed to acquire rival lender Credit Suisse for more than $2bn in an all-share transaction.
According to the Financial Times, the agreement might be signed as soon as Sunday evening.

People with direct knowledge of the transaction cited by the FT also said that UBS had agreed to soften the terms of a clause that would void the purchase should its credit default swaps jump.

— More to follow —

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