Low UBS bid triggers “horror” at CS

Insiders are said to be in “absolute horror” among the CS bosses. According to CS, the offer is too low and would damage the shareholders too much - just like employees who have an interest in the bank's share capital. The UBS offer would be equivalent to 25 centimes per share. At the close of trading on Friday, a CS paper was still worth 1.86 francs. That makes a market value of 7.4 billion Swiss francs.

Like CS, the Saudi National Bank, as a shareholder, also rejects UBS's takeover bid. The Saudi National Bank only acquired a 9.9 percent stake in Credit Suisse in autumn 2022 – at a price of CHF 4 per share. Now she is to be fobbed off with the UBS offer of 25 centimes per share.


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