UBS Buys Credit Suisse for less than $1 a share
UPDATED 6:09 PM EDT — UBS Buys Credit Suisse for (only) $3.2 BILLION – less than $1 a share! There must have been very big and very nasty details on the books of Credit Suisse; UBS has agreed to buy its rival for only $3.2 BILLION. Prior, Credit Suisse has a Market Capitalization of about $7 BILLION. So the UBS buy is less than $1 a share! UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss…