Credit Suisse Group (fka CS)

[DarkPool]

DB is next!!!

[Pt3]

What gap it penny already

[Fares]

Really is crazy if you think about it.

[MadBrewer]

But, But, the gap has to fill

Cheers

[stemcell]

.7600 CHF = $ .8206 USD Source: https://usd.currencyrate.today/convert/amount-76-to-chf.html

what is it doing at .97 right now? SMH

ByAngela Cullen
March 19, 2023 at 3:08 PM EDT

UBS Group AG agreed to buy Credit Suisse Group AG in a government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets.

Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF0.76/share for a total consideration of CHF3 billion, UBS said in a statement on Sunday.

[seventhcircle]

cs now penny stock? wild

[dubc]

Not bad . .


. . ; )

[LowFloatLopes]

I made a cool $900 lol

[stemcell]

Switzerland's biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial .......

bankruptcy?

What happens if UBS buys Credit Suisse?
Credit Suisse shareholders will be largely wiped out, receiving the equivalent of just 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday. Owners of $17 billion worth of “additional tier one” bonds — a riskier class of bank debt — will lose everything, Swiss regulators said.

.76 swf = .82/share

no clue what it's doing above that price lol currently .92 was as high as 1.08 lol if you're holding any CS stock i would sell above .82 for sure....pretty sure that price is already set in stone...
although i must say almost $200 MILLION in trading volume so far on a price that's already set makes no sense at all to me wtf all shorties covering?

[hondaboost]

bankruptcy?

[TheFinalCD]

.93 NOPE

[TheFinalCD]

good call back to $1 will it hold?

[stemcell]

Any one planning to buy . . ? What do you guys think? Tia . .

maybe when he bleeding stops and the shorts sellers are done, I remember 2008-2009 and citibank $234 all the way down to $8.40

there were 8 "bottoms" along the way that triggered huge buying, those peeps got hosed!
except the under $50 buyers who, if they held, eventually turned green, but the $95's and up took a severe beating

$190......$146.....$116....$113......$102.....$95.....$30....$23.....

[kid70]

I was wanting a little lower, and I might have to bite the bullet and pull the trigger

[LowFloatLopes]

I’m in at 91 for a flip

[dubc]

Welp . . Missed the 85s . . Shoot. .

[pitacorp]

prob not much based on the conversion price...

[PStockPickz]

Let's go!!

[TheFinalCD]

"BREAKING" NEWS

Your Portfolio Waiting For The Stock Market To Open pic.twitter.com/gX2vAollny

— Stock PlayMaker 🌐 (@stockplaymaker1) March 20, 2023

[kid70]

Looks like it's making move up. I was hoping to jump in at a lower price

[PStockPickz]

Break $1 at open?

[makinezmoney]

$CS: Bidding $0.10 for these shares.........................


Lets see if my lowball bid gets a chance



GO $CS

[makinezmoney]

$CS: MarketCap was 8.67Billy on Friday............ now 3.5Billy

Buyout by UBS.

Thats a nice better than 50% haircut on shareholders.


Shareholders got WHALLOPED !!!!!!!!!!!!!

Don't buy CS for a while.......... or at all

GO $CS

[kid70]

Is this going back up

[PStockPickz]

Back in .87

[TheFinalCD]

https://ih.advfn.com/stock-market/NYSE/credit-suisse-CS/stock-news/90549106/report-of-foreign-issuer-pursuant-to-rule-13a-16-o

[dubc]

Sometimes yes . . Sometimes no lol . .


I appreciate your post anyway. . Scared to buy right now lol . .

[dubc]

Good input . . I appreciate your posts . .


Should still trade a while at least I am hoping. . I wonder how long this ticker will last . . Glt everyone hopefully. .

[TheFinalCD]

This Is a Sad and Historic Day


steve
15 hours ago (edited)
CS has been on a decline since the global financial crisis. Not a surprise at all.

[TheFinalCD]

risky, you like risky?

I personally dont

Id rather trade other stocks

[MasterBlastr]

I would probably wait - equity should not have been placed in front of any bondholders. I just sold out 0.839 - about a 1% loss in the account I held it in. I am pretty surprised at what happened, but now that it has, I don't think commons will end up having any value at all. If you are trading, wait for a 'turn and confirm'. But that method didn't work this time. GL

[dubc]

Any one planning to buy . . ? What do you guys think? Tia . .

[TheFinalCD]

.83 NOW

[UpTickMeA$AP]

That dump started hard at the whistle! Straight to offer range.

[shajandr]

That is itself just ONE of the issues that will be litigated. Another one is the fiduciary duty CS management owed to the special $17B bondholders who gett squat under the current proposed deal - and who may have fared better if CS management had filed bankruptcy instead of this deal which favors common shareholders over a class of bondholders who now get squat per this proposed deal.

[shajandr]

It will open because the proposed deal has not closed. Lawsuits coming from the clipped bondholders who are ~OUTT $17B - way more than the market cap of CS. See my earlier post.

This proposed deal is set to close by year-end - plenny of time for oodles of lawsuits to be filed by CS bonholders and even CS and UBS common stock shareholders. Lawsuits in the USA, UK, Suisseland, and possibly in Bruxells too, even though Suisseland is not a member of the EU.

Think of this proposed deal as just an opening offer, it will only gett worse for CS shareholders from here.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171484607

UBS = U Bin Swindled

[Stevenvegas]

I flipped out for small profit. All done with CS.

[Hiudan]

The merger is expected to be consummated by end of 2023 if possible.

https://www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-and-ubs-to-merge-202303.html

Not a particularly ambitious timetable.

[Hiudan]

Probably a pretty big discount from it. .55 or so. Zurich opens in 5 hours so we shall see. GLTA.

[Talc Moan]

The Swiss Government over rode shareholders. So not sure what would go to court.

[Stevenvegas]

.76 or lower

[TheFinalCD]

$CS Credit Suisse's Crisis VIDEO:

[IronMan123]

Will NOT open tomorrow.

[TheFinalCD]

huge bonuses with GOLDEN parachutes for the execs

the way of our world

[pitacorp]

if the swap if 22.5 for 1, and CS is at 2 now, I would expect another dive on monday, heading to 1 or lower by weeks end....

[Koog]

Why would this Open? It has been consumed for an X amount per share.

The "deal" has not been finalized. It is likely the bond holders will complain in the courts. Expect "Deal #2" soon.

[Talc Moan]

Why would this Open? It has been consumed for an X amount per share. So it’s done. It should never trade again. Shareholders on record would get whatever is agreed upon. I think 23 CS is 1 UBS share.

[Talc Moan]

Free Bailouts for everyone lololololol. I think CS shareholders get 1 UBS share for every 23 shares of CS. So big tile Toxic dilution for UBS a really bad bad deal.

[Invest-in-America]

CS: My 'Broker' --- SMART kid, see her below --- just got your answer, Boss!!! To wit, CS will Open tomorrow at precisely $1.99 even!!


PS: I tried to get your answer vis-a-vis my new "DDAmanda-Wall-Street-Time-Machine-Version-1.0" --- see me below --- but its Lithium batts. went DEAD!!! I HATE when that happens!!!!!

[MasterBlastr]

Never. I just won because I had the first correct guess.