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Banco BPM Says UniCredit Bid Doesn't Reflect Its Profitability.

Authors :
Arons, Steven
Source :
Bloomberg.com; 11/26/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

(Bloomberg) -- 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.The deal terms offered by UniCredit "do not in any way reflect the profitability and the further potential for value creation for Banco BPM shareholders," it said in a statement on Tuesday.UniCredit disclosed an all-stock bid on Monday that offers 0.175 UniCredit share for each Banco BPM share.©2024 Bloomberg L.P.By Steven AronsReported by Author [Extracted from the article]

Subjects

Subjects :
STOCKHOLDERS
PROFITABILITY

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
181107786