UBS didn’t give investors what many wanted to hear in Tuesday’s first-quarter results: updated numbers for its acquisition of Credit Suisse. But they don’t have long to wait.
UBS said it would send a registration document to the Securities and Exchange Commission next month with theoretical “pro forma” numbers for the combined entity. These will include key measures of capital adequacy and liquidity, and, crucially, a so-called purchase price allocation amounting to the company’s first read on what Credit Suisse’s balance sheet is actually worth.
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