Credit Suisse is pushing back on a UBS offer that values its equity at $1bn. Credit Suisse, which ended Friday w/market value of ~$8bn, believes the offer is too low & would hurt shareholders and employees who have deferred stock. bloomberg.com/news/articles/…
@Schuldensuehner Remember when Richard Fuld thought his shares were too valuable and that the offers he was getting for Lehman were trying to lowball him?
@Schuldensuehner Whatever happens. CS now has a new valuation. Which means the stock will go there anyway. Plus is means that bank stocks should generally trade much much lower as too risky and shareholders just get wiped out
@Schuldensuehner The next buyer has a negative bid for the equity since it really is worth below zero, except if duplicate costs can be wrung out. So it’s UBS or a worse outcome
@Schuldensuehner @TraderMarcoCost @elonmusk just double the offer and call it a day .. that’s peanuts $tsla shares for you
@Schuldensuehner “Credit Suisse, which ended Friday w/market value of ~$8bn,” One week prior to the collapse, every analyst had a buy rating for SVB.