UBS to purchase a USD 69.7 million note convertible into Wealthfront shares
UBS remains committed to its growth plans in the US and strengthening its digital offering
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.
UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.
UBS remains committed to its growth plans in the US and will continue the build-out of its digital wealth management offering.
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