Low UBS bid triggers “horror” at CS - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Low UBS bid triggers “horror” at CS (/Thread-Low-UBS-bid-triggers-%E2%80%9Chorror%E2%80%9D-at-CS)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Low UBS bid triggers “horror” at CS (/Thread-Low-UBS-bid-triggers-%E2%80%9Chorror%E2%80%9D-at-CS)
Low UBS bid triggers “horror” at CS - theold - 19-03-2023
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.
https://www.blick.ch/wirtschaft/live-ticker-zur-credit-suisse-uebernahme-id18412661.html