Banco BPM Rejects UniCredit’s €10B Bid
Banco BPM SpA, Italy’s third-largest bank, has rejected a €10 billion ($10.5 billion) takeover bid from UniCredit SpA, which aimed to create the country’s largest banking entity. Banco announced Tuesday that UniCredit’s offer undervalued its financial strength and future growth potential,
UniCredit SpA is planning to meet with French rival Credit Agricole SA in the next few weeks to discuss the Italian bank’s ...
UniCredit CEO Andrea Orcel is planning to meet with Credit Agricole management to discuss the future of the lenders' ...
Banco BPM says UniCredit's ‘unusual' $10.5 billion takeover offer does not reflect its profitability
Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability and could reduce its legal autonomy. UniCredit offered to snap ...
Shares in Banco BPM closed up 5.5% on Monday at 7 euros, above the 6.657 euros a share offered by UniCredit in its all-share offer - a sign the market sees the bid's 0.5% premium as too low. Orcel ...
Italy's UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM , which CEO ...
European stocks are expected to open higher Monday as global market sentiment rises. The U.K.'s FTSE 100 index is expected to ...
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