UBS (UBS) agreed to acquire Credit Suisse (CS) for more than $2B, Marion Halftermeyer and Myriam Balezou of Bloomberg report, citing people with knowledge of the matter. It will be an all-share deal and priced at a fraction of Credit Suisse’s price at the close on Friday, when the bank was valued at about $8B, according to Bloomberg.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CS:
- Banking Sector Concerns Remain Even after the UBS’s Takeover of CS
- Credit Suisse Runs Out of Road; UBS Comes to the Rescue
- Lloyds, HSBC, and Barclays: UK Banking Shares in the Spotlight
- Nationalization or Obliteration: What Will Happen to Credit Suisse?
- UBS near deal to acquire Credit Suisse for $1B, NY Times reports
