4 ms·
That's likely why the offer is so low. The $1B doesn't go toward covering any potential losses. The $1B would go to Credit Suisse shareholders and then UBS woul
by mdasen 4y ago
That's likely why the offer is so low. The $1B doesn't go toward covering any potential losses. The $1B would go to Credit Suisse shareholders and then UBS would own the company and be on the hook for the liabilities. To put it another way, the deal's complete price is $1B in cash plus whatever the liabilities are.
- JanSt 4y agoConventional wosdom would say that liabilities were already priced in
- baskethead 4y agoWhy would UBS take on potentially unlimited amount of liability? That doesn't make sense at all.