UBS adjusts buyback program after Credit Suisse acquisition.
Originally Published 2 years ago — by Reuters
UBS is making changes to its $6 billion share buyback programme following its takeover of Credit Suisse. The bank will use some of the shares for the takeover rather than cancelling them as originally planned after getting approval from the Swiss Takeover Board. UBS had decided against issuing new shares for the deal, but would instead use shares that had already been issued.