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State Street, Credit Suisse deal ‘highly unlikely’ say analysts after report of bid sends shares higher
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fnlondon.comState Street has declined to comment on reports that it is set to make a bid for Credit Suisse, but banking analysts have been quick to pull apart the logic of a merger between the two firms.
Swiss finance blog Inside Paradeplatz reported that State Street was set to make an offer for Credit Suisse at a price of CHF9 a share, valuing the Swiss bank at CHF23bn ($23.6bn).
The...
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