Awaiting Commerzbank, Italy's UniCredit Bids For Italian Rival
With its plans for Germany's Commerzbank seemingly stalled, UniCredit, Italy's second-largest lender, on Monday launched a bid to buy its rival BPM for 10.1 billion euros ($10.6 billion).
UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.
UniCredit makes $11 billion bid for rival Italian bank
UniCredit on Monday launched a bid for rival Banco BPM, in a move that was seen as decreasing the chances it will acquire Germany’s Commerzbank.
Commerzbank Stock Slides After UniCredit Bids for Italy's Banco BPM
Italy’s UniCredit launched a $10 billion-plus offer to buy Banco BPM, setting its sights on a smaller domestic peer after circling Germany’s Commerzbank in recent months. Banco BPM shares rallied in Europe,
Banco BPM rejects UniCredit takeover bid
In its first comments since UniCredit made its all-share offer, BPM said it remained “focused on the implementation of its 2023-2026 business plan and on its takeover of [asset manager] Anima”. UniCredit on Monday launched a €10.
Banco BPM Says UniCredit Bid Doesn’t Reflect Its Profitability
Banco BPM SpA said the takeover bid it has received from UniCredit SpA wasn’t agreed in advance and isn’t in line with its performance.
Italy’s Banco BPM Rebukes UniCredit’s $10.5 Billion Bid
The Italian lender rejected the offer from its larger rival, saying it undervalues the bank and creates uncertainty.
Banco BPM Responds to UniCredit’s Share Offer
Banco BPM S.p.A. (IT:BAMI) has released an update. UniCredit has launched a public voluntary exchange offer for all shares of Banco BPM, which was
Banco BPM to Discuss UniCredit’s Unsolicited $11 Billion Bid
Banco BPM SpA is set to discuss the surprise takeover bid from UniCredit SpA, with investors waiting for a response to a move that has rattled the Italian government and complicated an effort to build a new banking group in the country.
UniCredit bid a hostile one says BPM director
ROME, NOV 26 - A 10 billion euro all-share takeover bid for Banco BPM by Italy's second biggest bank UniCredit is a hostile one, a BPM director said Tuesday. UniCredit on Monday launched the surprise 10 bid for its domestic rival which UniCredit CEO Andrea Orcel said would take precedence over a potential move on German lender Commerzbank.
UniCredit’s Domestic Deal Won’t End Commerzbank Ambitions
Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall ...
Moody’s Confirms UniCredit’s Stable Ratings Amid Acquisitions
UniCredit SpA (IT:UCG) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At ...
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 ...
STOXX 600 hits two-week high, but UniCredit, Commerzbank cap gains
Europe's main stock index hit a two-week high on Monday, driven by the nomination of the U.S. Treasury secretary and comments ...
UniCredit Makes Another M&A Chess Move; Hedge Funds Ponder What's Next
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 ...