Stock Quote

UBS and Wealthfront mutually agree to terminate merger agreement

By: via Business Wire

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. 

Contacts

UBS Americas Inc.

Investor Relations:

Americas: +1-212-882 5734

Switzerland: +41-44-234 41 00

Media Relations:

Americas: +1-212-713 1302

Switzerland: +41-44-234 85 00

UK: +44-207-567 47 14

APAC: +852-297-1 82 00

www.ubs.com/media

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