UBS Group (UBS) Closes UBS AG and Credit Suisse AG Merger [Yahoo! Finance]
ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)
US:NASDAQ Investor Relations:
credit-suisse.com/articles/media-releases/2017/04/en/usoi-launch-pr.html
Company Research
Source: Yahoo! Finance
The merger was completed within the planned timeline, thanks to significant backing from regulators around the world. Shares of UBS Group rose 2.1% with the announcement of the deal's closure. The acquisition is expected to allow UBS Group to fortify its position as a preeminent global wealth manager. Merger & Other Details Following this merger, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich and no longer exists as a separate business. UBS AG now owns all of Credit Suisse AG's rights and obligations, including the existing debt instruments. With this merger, clients and operations from Credit Suisse will be integrated with UBS Group platforms over time, in accordance with business, client and product-related requirements. While Credit Suisse AG clients have turned into UBS AG clients due to the merger, they will engage with UBS Group using current Credit Suisse platforms and tools for the time being, unless otherwise specified. A
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