FT: UBS offers to buy Credit Suisse for up to US$1b

NEW YORK, March 19 — UBS Group AG has provided to acquire Credit Suisse for up to US$1 billion (RM4.4 billion), with the Swiss federal government organizing to modify the country’s legal guidelines to bypass a shareholder vote on the transaction, the Fiscal Periods noted today.

The proposed all-share deal concerning Switzerland’s two largest financial institutions is set to be signed as shortly as this evening, the report claimed, incorporating that the deal will be priced at a portion of Credit score Suisse’s closing price tag on Friday. — Reuters