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: UBS reportedly reaches deal to buy Credit Suisse for more than $2 billion

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UBS UBS will buy Credit Suisse for more than $2 billion in an all-stock deal, the Financial Times reported, citing people with direct knowledge of the transaction. The 0.50 francs per share UBS is offering, in stock, compares to Credit Suisse’s CH:CSGN closing price of 1.86 francs on Friday. Separately, The Wall Street Journal reported the Swiss National Bank offered UBS a roughly $100 billion liquidity to absorb Credit Suisse.

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