Summary
UBS, Switzerland's biggest bank, took another huge step towards repairing its battered balance sheet today, as it announced a 99.4% take up for its Swfr16 billion ([pounds]7.9 billion) rights issue.
The new shares were sold to investors at Swfr21 and began trading today. UBS shares rose 44 cents to Swfr24.80.See the full content of this document
Extract
Investors Snap Up Ubs Rights Issue ; Finance
Despite difficult stock market conditions, traders said the ...
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