The acquisition could take many forms including but not limited to a merger, a takeover or an asset purchase. This market will resolve as YES if an official announcement is made by either UBS or Credit Suisse confirming the acquisition before December 31st, 2023. Otherwise, this market will resolve as NO.
Update 2023-03-19: The acquisition must be completed for positive resolution.
“This market will resolve as YES if an official announcement is made by either UBS or Credit Suisse confirming the acquisition” confirming it is planned/agreed or that it has gone through?
Does the deal have to close by end of year?
*and yes, it has to have been completed by end of year. If it is substantially done but there is some legal minutiae to work out, that would be enough for a positive resolution.
UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote on the transaction as they rush to finalise a deal before Monday.
https://www.ft.com/content/ec4be743-052a-4381-a923-c2fbd7ea9cfd
