Monday, June 09, 2008

UBS Capital Increase Without Top Management

Very interesting (but German) article about who of the top management participates in the UBS capital increase and who doesnt (short answer, the CEO and Chairman do - nice case of signalling, and nobody else does):
SonntagsBZ: Die Kapitalerhöhung der UBS ist unbeliebt

BTW, I did not double check this, but I think to remember that if not all shares will be sold for CHF 21, then the consortium banks will take over the remaing shares for a minimum price that is much much lower (something like CHF 12 or 15?)!


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