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UBS, Wealthfront To Terminate Merger Agreement

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 in $1.4 billion deal.

UBS will purchase a $69.7 million note convertible into Wealthfront shares.

UBS said it remains committed to its growth plans in the US and will continue the build-out of its digital wealth management offering.

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