A Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit seeking a better price from UBS for its takeover of its cross-town rival, it said on Tuesday.
A pedestrian walks past a logo of Credit Suisse outside its office building in Hong Kong, China March 21, 2023. REUTERS/Lam Yik/File Photo
The aim is to enable shareholders to obtain cash compensation corresponding to the difference in value between the share price determined in the merger contract and the price determined by the court.
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