UBS agrees to buy Credit Suisse for more than $2 bln - FT
Reuters | Updated: 19-03-2023 22:33 IST | Created: 19-03-2023 22:33 IST
UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.
UBS will now pay more than 0.50 francs ($0.5401) a share in its own stock, far below Credit Suisse's closing price of 1.86 francs on Friday, FT reported, citing sources. ($1 = 0.9258 Swiss francs)
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