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Banco BPM, UniCredit

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 up Banco BPM for roughly $10.

The Wall Street Journal on MSN · 1d

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.

Reuters · 13h

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, its CEO said in a letter to staff on Wednesday, warning of big job cuts if the deal went through.

U.S. News & World Report2d

Italy's UniCredit Offers to Buy Banco BPM for $10.57 Billion

(Reuters) -Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros ($10.57 billion). UniCredit said it would offer 0.175 ...

World Finance8y

Italy’s Banco Popolare to merge with BPM

Verona-based bank Banco Popolare has agreed to buy Banca Popolare di Milano Scarl (BPM), in a merger that will create the third-biggest lender in Italy. The new bank will have an approximate ...

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Banco BPM, UniCredit

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