![]() The offer was communicated on Sunday morning with a price of SFr0.25 a share to be paid in UBS stock, far below Credit Suisse’s closing price of SFr1.86 on Friday, the people said. The all-share deal between Switzerland’s two biggest banks is set to be signed as soon as Sunday evening and will be priced at a fraction of Credit Suisse’s closing price on Friday, all but wiping out the target’s shareholders, four people with direct knowledge of the situation said. ONE OF THE MOST IMPORTANT SENTENCE OF THE STATEMENT: "SWISS AUTHORITIES ARE EXPECTED TO CHANGE COUNTRY'S LAW TO BYPASS UBS SHAREHOLDER VOTE". Swiss authorities are expected to change country’s law to bypass UBS shareholder vote - source: FT $2.01 closing price on Friday), shareholders will get wiped out (provided it gets confirmed / agreed later today or tomorrow). ![]() With an offer price at $0.25 (a 87% decline vs. UBS OFFERS TO BUY CREDIT SUISSE FOR UP TO $1 BILLION (market cap at Friday's close was $9 billion.). ![]() I never understand why restaurants don’t offer takeout coffees for the journey home. Brand up the cups and give them something to take away. You could do it when customers and suppliers visit your office. I just do it for the sport because I know it’ll make their day. I keep smiling, keep offering, for 3 attempts, then I’d back down. I don’t even hear their “No’s”, because I know they want one really. “It’ll be the best coffee you have all day, I promise.” “I’ve got normal milk, oat milk, soy milk.” “Would you like a coffee to take with you?” I like to set myself the challenge of being able to get people to take one, because they always say no first… I always like to have a stack of takeout coffee cups in the house for family and friends to take a coffee with them when they leave, or to offer a coffee to delivery people.
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