UBS, the Swiss investment-banking giant, price a public offering of 760.3 million rights designed to raise 15.97 billion Swiss francs, or about $15.6 billion. UBS holders will receive one right for each of their shares. Each 20 rights entitle the holder to buy seven new UBS shares at 21 Swiss francs each. That price is 31% below the closing price of UBS shares on Wednesday of 30.64 francs. After the transaction, UBS will have about 2.93 billion shares outstanding, the bank said. The deal has been fully underwritten by a group of banks led by J.P. Morgan, BNP Paribas and Goldman Sachs UBS said. The record date for the rights issue is May 26. http://www.marketwatch.com/news/sto...2174F-E53C-4E38-B15E-0AB29584D740}&dist=msr_1 21 Swiss Francs ? ThatÂ´s cheap ! I canÂ´t even buy a pizza in Switzerland for this price ! WOW !