(Tiper Stock Exchange) – UBS extension plans to complete the acquisition of Credit Suisse by June 12th. The Swiss bank’s shares will be delisted from the SIX Swiss Exchange and the New York Stock Exchange.
The closing of the operation – reads a note – is subject to the approval of the SEC, the American financial market supervisory authority which must declare “the declaration of registration of the shares to be issued” effective, and to the satisfaction o the waiver by UBS of other conditions.
Credit Suisse shareholders will receive one UBS share for every 22.48 outstanding shares held.