Credit Suisse jumps over 5% on State Street takeover report - Breaking The News

Credit Suisse jumps over 5% on State Street takeover report

8 June

1 min read

EPA-EFE/ENNIO LEANZA

Credit Suisse Group AG's shares turned to gains on Wednesday after recording considerable losses, after Inside Paradeplatz reported that the American financial services and bank holding company State Street Corp. might acquire the Swiss investment bank.

The source stated that State Street is offering Credit Suisse the price of 9 Swiss francs per share, which would be an increase of around 40% compared to the latter's current value of 6.30 Swiss francs per share.

Credit Suisse's shares jumped 5.07% at 5:03 pm CET to sell for 7.050 Swiss francs.

credit suisse mergers and acquisitions

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