UBS offers to buy Credit Suisse for up to $1 billion: Report
An offer was made on Sunday morning with a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock, the newspaper said, citing people familiar with the matter. Credit Suisse's shares closed at 1.86 Swiss francs on Friday.
UBS is examining a takeover of Credit Suisse that could see the Swiss government offer a guarantee against the risks involved, two people with knowledge of the matter told Reuters on Saturday. Pic: Reuters