Asset Management

Top Credit Suisse shareholder ‘supportive’ of right buyer after shares pop on State Street bid report

David Herro of Harris Associates says he would potentially back a takeover of Credit Suisse — if the price and buyer were right

David Herro's Harris Associates is a top three shareholder in Credit Suisse
David Herro's Harris Associates is a top three shareholder in Credit Suisse Photo: Getty Images

One of the largest shareholders in Credit Suisse says he may back a potential takeover bid for the Swiss bank.

The lender's shares jumped after Swiss finance blog Inside Paradeplatz reported on 8 June that State Street weighed making a play for the bank at a price of CHF9 a share, valuing it at CHF23bn ($23.6bn).

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