ubs group ag ubs has offered to buy credit suisse group ag cs for up to 1 billion according to the financial times sources told the publication that ubs offer was communicated on sunday morning with a price of 025 francs a share to be paid in ubs stock the deal would be priced at a fraction of credit suisses closing price on friday credit suisse however believes the offer is too low and would hurt shareholders and employees who have deferred stock bloomberg reported citing people familiar with the matter ubs has also reportedly insisted on a material adverse change that would void the deal if its credit default spreads jump by 100 basis points or more the financial times reported that there has been limited contact between the two banks and that the terms have been heavily influenced by the swiss national bank and regulator finma because the situation has been moving very quickly theres also no guarantee a deal will be reached or that the terms will remain the same pending approval of the offer the swiss government would reportedly change the countrys laws to bypass a shareholder vote on the transaction under this scenario the government would take emergency measures to allow the takeover to proceed and introduce legislation that would skip the usual sixweek consultation period required for ubs shareholders the proposed allshare deal between the two banks could be signed as soon as sunday evening ubs has a market value of 566 billion shares in credit suisse on the other hand closed on friday with a value of 8 billion earlier bloomberg reported that ubs executives had opposed an arranged combination with credit suisse because they wanted to focus on ubs wealthcentric strategy in addition they were reluctant to take on risks related to credit suisse credit suisse had previously requested the support of swiss national bank after losing almost 30 of its stock value read next switzerland to the rescue swiss national bank finma ready to provide liquidity support for credit suisse