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To: Lou Weed who wrote (6757)	3/19/2023 9:13:40 AM
From: Sun Tzu	Read Replies (3) \| Respond to of 10493

UBS is offering to buy CS for pennies on the dollar and with provisos. As I said, a forced sale is never good for the shareholders. From the article: “UBS has also insisted on a material adverse change that voids the deal if its credit default spreads jump by 100 basis points or more, the people said.” https://t.co/iQAwP7ZeLg — The Spread Thread (@SpreadThread1) March 19, 2023 Also from WSJ: UBS Nears Deal to Take Over Credit Suisse The talks come after the firm took a more-than-$50 billion Swiss National Bank liquidity lifeline and is part of an urgent effort by global authorities to restore trust in the banking system.5 min read