– UBS To Buy CS For $3 Billion As Bank’s $17BN In AT1 Bonds Get Wiped Out In Record “Bail-In”; SNB Offers $100 Billion Liquidity Backstop:
“All shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse as merger consideration. This exchange ratio reflects a merger consideration of CHF 3 billion for all shares in Credit Suisse.”
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