Jialat : Credit Suisse against UBS takeover at $1B...latest update -
sgbuffett - 19-03-2023
Based on last traded price the bank capitalisation isĀ $7B. How are shareholders supposed to accept such a low offer.
https://www.bloomberg.com/news/articles/2023-03-19/credit-suisse-said-to-push-back-against-ubs-s-1-billion-offer
RE: Jialat : Credit Suisse against UBS takeover at $1B -
singlon - 19-03-2023
correct move.
we must not allow the thought to sink in
SNB no good.
RE: Jialat : Credit Suisse against UBS takeover at $1B...latest update -
sgbuffett - 20-03-2023
Deal goes through after offer raised.
Looks like shareholders to lose more than 50% overnight as offer
Is less half the market cap of last close!
The Saudi National Bank which caused a run on the bank with it's remarks to the reporter a few days ago, lost most of its investments in Credit suisse which it made last year. Shows the importance of being careful what you say
https://www.bloomberg.com/news/articles/2023-03-19/ubs-agrees-to-buy-credit-suisse-in-historic-deal-to-end-crisis
RE: Jialat : Credit Suisse against UBS takeover at $1B...latest update -
ysh02 - 20-03-2023
Aiya low ball take over or privatisation are common ,this scenario happened in SG too like Chip ES, Boustead project etc....hope our banks won't have such thing happened.
RE: Jialat : Credit Suisse against UBS takeover at $1B...latest update -
K88 shu shu - 20-03-2023
TS sleeping when the deal signed.
RE: Jialat : Credit Suisse against UBS takeover at $1B...latest update -
ArielCasper - 20-03-2023
Why not ask the major shareholder to take over instead. Asked them to pump in more money don't want, but low-ball offer, why not.
Maybe this kind of lobang must be reserved for ownself..
RE: Jialat : Credit Suisse against UBS takeover at $1B...latest update -
Cmpunk - 20-03-2023
Yes too many banks so need merger or take over to reduce those lousy banks