Banco BPM, UniCredit

Italy’s Banco BPM Rebukes UniCredit’s $10 Billion-Plus Bid
The Italian lender rejected the offer from its larger rival, saying it undervalues the bank and creates uncertainty.
Banco BPM rebuffs UniCredit bid, saying it undervalues bank
Italy's Banco BPM on Tuesday rebuffed a 10 billion euro ($10.5 billion) unsolicited takeover offer by rival UniCredit, saying it undervalued the bank, tied its hands in strategic deals and created new risks for shareholders.
UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash
Italy's UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM , which CEO Andrea Orcel said would take precedence over any potential move on Germany's Commerzbank .
Italy’s UniCredit makes buyout offer for Banco BPM
"Italy’s UniCredit makes buyout offer for Banco BPM" was originally created and published by Retail Banker International, a GlobalData owned brand.
Banco BPM Board Member Says UniCredit Bid Is Hostile, ANSA Reports
MILAN (Reuters) - UniCredit's surprise bid for Italy's Banco BPM is hostile, a board member of the smaller lender told Italian newswire ANSA on Tuesday. He was speaking ahead of a Banco BPM board meeting for an initial discussion on the 10 billion euro ($10.5 billion) takeover bid launched on Monday by Italy's second-largest bank.
Italian politicians take dim view of UniCredit bid for Banco BPM
Italy reserves the right to use its golden power legislation aimed at shielding strategic assets in regards to UniCredit's plans to take over Banco BPM , Economy Minister Giancarlo Giorgetti said.
Italy’s UniCredit to buy domestic rival Banco BPM in €10.1B deal
The move pauses speculation that UniCredit was considering a bid for Germany’s Commerzbank. It also foils a plan by the Italian government to boost competition against UniCredit and its peer, Intesa Sanpaolo.
Orcel’s Next Battle Shapes Up as Banco BPM Rejects UniCredit Bid
Banco BPM SpA rebuffed an unsolicited approach by UniCredit SpA, saying its takeover proposal wasn’t agreed in advance, is too low and would likely hurt jobs and competition in Italy.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City,
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.
Banco BPM rejects surprise Unicredit bid, saying price undervalues potential
The bid from the larger Italian lender "does not reflect in any way the profitability and further potential to create value for Banco BPM shareholders", it said in a statement.View on euronews
Banco BPM boss warns of job losses in UniCredit deal
Italy's Banco BPM, the target of an unsolicited all-share offer announced by UniCredit, should remain an independent bank, ...
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Italy's Banco BPM Says UniCredit Bid Insufficient
The board of directors of Italy's Banco BPM said Tuesday that an acquisition bid from larger rival UniCredit was inadequate and failed to reflect the bank's profitability or potential. UniCredit ...
Banco BPM Is Likely a Buyer in Italy’s Newest Paschi Stake Sale
Italy is selling a 7% stake in Monte dei Paschi di Siena SpA, the latest step in an exhaustive restructuring drive that dates ...