UBS raises $3.5B in share sale (Dealscape

Struggling Swiss bank UBS late Thursday said it sold 293.3 million new shares to raise Sfr3.8 billion ($3.5 billion), joining a push among major lenders to pull in new cash as investors rediscover their appetite for financial services shares.

UBS said it placed the shares with a small group of institutional investors at Sfr13 apiece, a 6.9% discount to Thursday's close. Shareholders had already approved the move.

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41 company pages related to UBS
36 company pages related to Switzerland
33 in-depth reports of Reorganization plans in the Financial Services sector
24 articles related to the Swiss National Bank
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NOT A SUBSCRIBER? UBS raises $3.5B in share sale Posted on June 26, 2009 4:10 PM Struggling Swiss bank UBS late Thursday said it sold 293.3 million new shares to raise Sfr3.8 billion ($3.5 billion), joining a push among major lenders to pull in new cash as investors rediscover their appetite for financial services shares. UBS said it placed the shares with a small group of institutional investors at Sfr13 apiece, a 6.9% discount to Thursday's close. Shareholders had already approved the move. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 41 company pages related to UBS 36 company pages related to Switzerland 33 in-depth reports of Reorganization plans in the Financial Services sector 24 articles related to the Swiss National Bank 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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