Reported Earlier, UBS Increases Its Debt Tender Maximum Purchase Consideration From $4B To $5.85B
UBS Group AG (the "Offeror") (NYSE:UBS) (SWX:UBSN) announces today the results of its previously announced nine concurrent and separate offers (each, an "Offer" and collectively, the "Offers") to
UBS is buying back more of its own debt than it first planned, going from 4 billion dollars to 5.85 billion dollars. This shows the company has extra cash and confidence, though it does not tell us if the stock price will go up or down.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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