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.
UBS Americas Inc
Media contact
Media contact
Investor Relations:
Americas:
+1-212-882 5734
Switzerland:
+41-44-234 41 00
Media Relations:
Americas:
+1-212-882 58 58
Switzerland:
+41-44-234 85 00
UK:
+44-207-567 47 14
APAC:
+852-297-1 82 00