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UBS and Wealthfront mutually agree to terminate merger agreement

Autor: Financial Market
Timp de citit: < 1 minute

UBS and Wealthfront have mutually agreed to terminate their merger agreement, initially announced 26 January 2022, under which Wealthfront was to be acquired by UBS Americas Inc., according to a press release issued by the bank.

UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.

The bank remains focused to its growth plans in the US and will continue the build-out of its digital wealth management offering.

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