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Anyone have more information on the "emergency measures" that the Swiss govt used to skip the 6-week shareholder approval period? Couldn't find more information
by sixhobbits 4y ago
Anyone have more information on the "emergency measures" that the Swiss govt used to skip the 6-week shareholder approval period? Couldn't find more information in English apart from the fact that they were being used and it seems very unlike Switzerland which has a reputation for very slow moving politics in general.
- sschueller 4y agoI assume that will be asked and answered at the press conference in 40 minutes from now.
- raverbashing 4y agoThey probably said to the board "if you wait 6 weeks there will be no bank anymore" and I think that they understood that. It's that simple. Either they get a % of something or 100% of 0. Especially since now the purchase price went to $2Bi.
- bagacrap 4y agoNobody asked the board. They pushed through a legislative change overnight.