Replies to post #285 on Credit Suisse Group (fka CS)

[stemcell]

Is the deal done today

still trying to figure out why the PPS isn't around .82 what are peeps thinking? maybe with the UBS pop in price it works out to 90 something cents per share....IDK SMH

cs shareholders will receive .82 cents a share, in equivalent UBS stock
UBS up quite a bit past few days ...may put a few more shares in CS shareholders' pockets

be glad you're not one of the bondholders!

A number of Credit Suisse
bondholders said Tuesday that they were considering legal action after $17 billion of the bank’s additional tier-one (AT1) bonds were wiped out as part of its emergency sale to UBS
Swiss regulator FINMA announced Sunday that the AT1s, widely regarded as relatively risky investments, will be written down to zero, while stock investors will receive payouts as part of the takeover, angering bondholders.