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Deals Rumor Mill: Credit Suisse, Pret A Manger, Shell

By Benjamin Horney ( March 23, 2017, 4:51 PM EDT) -- Credit Suisse Group AG may look to sell more than 3 billion Swiss francs' ($3 billion) worth of stock instead of going ahead with an initial public offering of shares in its Swiss business, Bloomberg reported Thursday. According to the report, Credit Suisse is eyeing a plan where the financial firm would sell new shares representing as much as 10 percent of its outstanding stock via an accelerated sale to money managers. That plan would not need approval from investors, the report said, while an IPO would be costly and require Credit Suisse to give up shares in the business....

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