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When Preferred Equity Is A Shareholder Vote Alternative

By Brandon Vongsawad (April 6, 2023, 5:58 PM EDT) -- In March, UBS AG agreed to acquire Credit Suisse Group AG. Following what Credit Suisse Chairman Axel P. Lehmann referred to as "an extremely challenging time," the Swiss Federal Council issued an emergency ordinance allowing the merger to proceed without the otherwise necessary approval of UBS and Credit Suisse shareholders.[1]...

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