Credit Suisse / UBS Shotgun Marriage
The Young Investors Podcast
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UBS's Decision to Take Over Credit Swiss
UBS is buying credit Swiss for 3.2 billion, a 60% discount on its market cap of $7 billion. Credit Swiss shareholders will receive 0.76 Swiss francs in UBS shares - about 60% less than the price on Friday. But owners of some bonds are getting completely wiped out. The move immediately sparked a sell off of 81 bonds all across Europe.
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