Banco BPM says UniCredit's ‘unusual' $10.5 billion takeover offer does not reflect its profitability
The 10 billion-euro ($10.52 billion) bid presented by UniCredit on Monday was not previously agreed and was delivered on "unusual" terms, the Banco BPM board of directors said in a CNBC-translated statement. It also failed to reflect Banco BPM's profitability and potential for further value creation, the board added.
UniCredit SpA and Credit Agricole SA will discuss a crucial distribution agreement between the two companies when their top ...
Reuters on MSN14h
Unwelcome in Germany, UniCredit CEO zeroes in on ItalyUniCredit hits resistance from German corporate elite over Commerzbank bid Orcel shifts focus to Banco BPM with a 10 bln ...
UniCredit CEO Andrea Orcel is navigating fierce resistance regarding his ambitions to take over Germany's Commerzbank, prompting him to refocus on a smaller Italian bank acquisition. German corporate ...
Commerzbank’s stock is taking a hit as investors bet that UniCredit’s $10.5 billion bid for Banco BPM indicates its interest in the German bank is cooling. But some hedge funds suggest the surp ...
UniCredit CEO Andrea Orcel is planning to meet with Credit Agricole management to discuss the future of the lenders' ...
UniCredit SpA (IT:UCG) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At ...
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