News Formal

Credit Suisse investor furious over state intervention to set up emergency merger

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Ethos Foundation is considering legal action over override of shareholder vote in deal with UBS

One of Credit Suisse Group’s biggest shareholder groups says the rushed merger of its bank with UBS Group at the weekend is an unprecedented breach of shareholder rights that may scare off institutional investors.

Ethos Foundation, which acts as a proxy adviser for pension funds and other members holding between 3% and 5% of the bank’s stock and $400bn in assets, said on Monday that it is considering the possibility of legal action over the sale. However, options through the courts are currently limited. ..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse investor furious over state intervention to set up emergency mergerEthos Foundation is considering legal action over override of shareholder vote in deal with UBS
Source: BDliveSA - 🏆 12. / 63 Read more »