“UBS also agreed to a softening of a material adverse change clause that would void the deal if its credit default spread(s) jump, they added.
The material adverse change clause applies for the period between the signing and closing of the deal, the people said.”
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Notice how It’s still there…. No confidence in the deal, creates fear for the large players.
https://www.ft.com/content/ec4be743-...3-c2fbd7ea9cfd
The material adverse change clause applies for the period between the signing and closing of the deal, the people said.”
—————
Notice how It’s still there…. No confidence in the deal, creates fear for the large players.
https://www.ft.com/content/ec4be743-...3-c2fbd7ea9cfd