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"UBS has also insisted on a material adverse change that voids the deal if its credit default spreads jump by 100 basis points or more, they added." Sounds lik
by neural_thing 4y ago
"UBS has also insisted on a material adverse change that voids the deal if its credit default spreads jump by 100 basis points or more, they added."
Sounds like they want a way out of this deal.
- neural_thing 4y agoAnd now Credit Suisse is pushing back on the deal. Is anyone else reminiscing? https://www.nytimes.com/2008/03/24/business/24deal-web.html https://www.nytimes.com/2008/03/24/business/24deal-web.html
- deleted 4y ago[deleted]
- monkeydust 4y agoThat's not much given recent volatility in their spreads, a further bargaining tool I guess