How many UBS shares will Credit Suisse shareholders get? (2024)

How many UBS shares will Credit Suisse shareholders get?

Under the terms of the merger agreement all shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. Until consummation of the merger, Credit Suisse will continue to conduct its business in the ordinary course and implement its restructuring measures in collaboration with UBS.

What will happen to my Credit Suisse shares?

According to the banks, business activities will continue until Credit Suisse Switzerland is transferred to the UBS systems, probably by 2025. Credit Suisse shares were removed from the stock exchange in June and exchanged for UBS shares. There was one new UBS share for 22.48 Credit Suisse shares.

How much per share is UBS paying for Credit Suisse?

The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share. The price was 1% of Credit Suisse's all-time high value in 2007.

What is the UBS strategy for Credit Suisse?

UBS Group AG outlined major targets for its integration of former rival Credit Suisse including 3,000 domestic job cuts and more than $10 billion in cost savings, as it posted the biggest ever quarterly profit for a bank on the back of the bargain acquisition that closed in June.

How much is my Credit Suisse stock worth?

The Credit Suisse Group stock price today is 0.89.

How much will Credit Suisse shareholders receive?

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.

Are Credit Suisse shareholders wiped out?

Swiss debt is a particular point of concern, given the national regulator's impromptu decision to override conventions and leave Credit Suisse AT1 holders completely wiped out.

What happens to Credit Suisse stocks after UBS takeover?

Monday was the final trading day for Credit Suisse stock, which has traded on Switzerland's stock exchange for decades. Its American depositary receipts also will cease trading. Credit Suisse shareholders are receiving one share in UBS for every 22.48 in stock.

What happens to Credit Suisse stock if UBS buys it?

Credit Suisse Group AG ADS will no longer be traded on the New York Stock Exchange. As announced on 19 March 2023, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held.

Is Credit Suisse a good deal for UBS?

Ultimately the deal promises to give UBS a leading position in key markets it would otherwise have needed years to grow in size and reach. "UBS got Credit Suisse for practically nothing, so accordingly the deal will work out for them," another investor told Reuters.

Which is better UBS or Credit Suisse?

Credit Suisse scored higher in 4 areas: Diversity and inclusion, Work-life balance, Compensation & Benefits and Career opportunities. UBS scored higher in 5 areas: Culture and values, Senior management, CEO approval, Recommend to a friend and Positive Business Outlook.

Is UBS bigger than Credit Suisse?

Credit Suisse is the 45th largest bank in the world in terms of total assets, according to S&P Global, with about $1.1 trillion in assets. UBS had roughly $1.5 trillion in assets, as of 2021.

Will UBS stock go up?

UBS Stock 12 Month Forecast

Based on 12 Wall Street analysts offering 12 month price targets for UBS Group AG in the last 3 months. The average price target is $31.98 with a high forecast of $36.75 and a low forecast of $22.27. The average price target represents a 4.10% change from the last price of $30.72.

What is the future outlook for Credit Suisse?

Credit Suisse expects US growth to average 0.8% in 2023. The probability of recession is high (above 40%), but still not our base case. Inflation is beginning to moderate, but core personal consumption expenditures (PCE) inflation is likely to remain stubbornly high at around 3% as of year-end 2023.

How many shares are outstanding for Credit Suisse?

Number of shares outstanding as of April 2024 : 3,039,000,000. According to Credit Suisse's latest financial reports and stock price the company's current number of shares outstanding is 3,039,000,000. At the end of 2022 the company had 3,039,000,000 shares outstanding.

How much would it cost to buy Credit Suisse?

UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system. UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday.

How much did Credit Suisse shareholders lose?

By the numbers: UBS is buying Credit Suisse for roughly negative $14 billion. It's paying $3.2 billion to Credit Suisse shareholders, but only because Swiss regulators are wiping out $17.2 billion of the bank's liabilities, leaving those bondholders with nothing.

Who is the largest shareholder of Credit Suisse?

Why is Credit Suisse stock so cheap?

Credit Suisse has lost a third of its stock market value since the start of the year, and nearly 75% in the past 12 months, following a string of scandals and bad calls by management that have eroded investors' confidence.

Why $17 billion in Credit Suisse bonds became worthless?

Investors in a riskier type of Credit Suisse's bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.

Will Credit Suisse shares be delisted?

SIX Exchange Regulation AG (SER) has approved the companies' application on 2 June 2023. The delisting will take place not earlier than 13 June 2023, the last trading day at SIX Swiss Exchange will be no earlier than 12 June 2023.

What would happen if Credit Suisse collapses?

Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues. Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland's economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA said Wednesday.

Why is UBS stock so low?

The bank posted a net loss of $279 million for the fourth quarter, following a loss of $785 million in the third quarter. The loss came as the lender incurred around $1.75 billion in expenses related to its integration with Credit Suisse after the latter's near-collapse in March 2023.

What happened to Credit Suisse investors?

Credit Suisse had already been facing outflows since last October. With the acquisition by UBS, Credit Suisse investors and creditors have lost almost everything. They include Saudi National Bank, which is 37%-owned by the sovereign wealth fund of Saudi Arabia.

Will UBS absorb Credit Suisse?

UBS has raised its cost cutting targets. UBS has deepened a cost cutting drive launched after its emergency acquisition of rival Credit Suisse, as it slashes thousands of jobs and tries to boost earnings to make sure the mammoth deal pays off.