Home Equities Score UBS Group (UBS) Stock Inches Downwards Despite Potentially Serving as Advisor to...

UBS Group (UBS) Stock Inches Downwards Despite Potentially Serving as Advisor to Toshiba

UBS Group (UBS) stock prices were down incrementally by 2.07% as of the market closing on May 11th, 2021, bringing the price per share down to USD$15.11 at the end of the trading day.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

UBS to Collaborate with Toshiba

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


UBS is set to be appointed as financial advisor by Toshiba Corp to work on a strategic review for the Japanese tech giant as it faces a potential private equity bidding war. April of the fiscal year 2021 saw the company become the target of a potential takeover bid and management has since been wary of further forthcoming bids.

Read More

Competition for UBS

Thus far, various investment banks have pitched to independent directors of Toshiba for a shot at the advisory role, with the company aiming to facilitate transparency around its decision-making with the appointment of advisors. As such, the board is appointing financial and legal advisors independently, while strategically exploring ways to increase the company’s corporate value from an independent standpoint.

Role as Financial Advisor

Should UBS be appointed as a financial advisor, it will serve a different role from Goldman Sachs, which is already associated with the Toshiba management team as their active defence advisor. As financial advisor, UBS will develop a communication channel with Toshiba’s shareholders. A pending decision is expected soon, possibly in conjunction with the company’s earnings briefing on May 14th 2021.

CVC Initiates Bidding Snowball Effect

After the USD$20 billion buyout bid proposed by CVC Capital Partners in April of the fiscal year 2021, Toshiba has faced increased calls from leading shareholders to actively seek out offers from potential suitors and undergo a strategic review. The deal with CVC is still up in the air, however, after Toshiba dismissed the bid as lacking in substance.

Brewing Bidding War

The U.S. buyout firm Bain Capital is reported to be exploring options to propose a bid to take Toshiba private. Bain Capital entered into discussions with banks to secure the funding it would need for a potential deal in April 2021. KKR & Co, Inc., and Brookfield Asset Management have also indicated an interest in Toshiba, as have several private equity funds.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for UBS

With so many company’s vying for a chance to privatize Toshiba, the urgency of the appointment of a financial advisor grows more urgent. With a promising outlook for UBS, current and potential investors are hopeful that this opportunity will offer the company a chance to leverage its resources and further consolidate its already expansive footprint in the market.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Vertex Pharmaceuticals Inc. (VRTX) stock plunged during after-hour. Here’s what you should know

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) stock gained by 1.5% at last close while the VRTX stock price declines during after-hour by 12.95%. Vertex is...

Bit Digital Inc. (BTBT) stock plunges during the current market trading session. What is happening?

Bit Digital Inc. (NASDAQ: BTBT) stock declined by -1.43% in the current market trading as of this writing. Bit Digital, Inc. is a Bitcoin...

Celsion Corporation (CLSN) stock gains in Pre-Market: Let’s Find out why.

Shares of Celsion Corporation (CLSN) stock were gaining in the pre-market today on June 10, 2021, following the announcement of new appointments by Celsion...

Medley Management Inc. (MDLY) stock soars during pre-market trading, given no recent update

Medley Management Inc. (NASDAQ: MDLY) stock gained by 8.96% at last close while the MDLY stock price rises by 108.90% in the pre-market trading...

Sphere 3D Corp. (ANY) stock surged during after-hour session. Why so?

Sphere 3D Corp. (NASDAQ: ANY) stock gained by 10.5% at last close while the ANY stock price soars further during the after-hour session by...


Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam