November 26, 2024 11:35 GMT
FINANCIALS: BPM Responds to UniCredit Offer
FINANCIALS
"* BPM SAYS UNICREDIT OFFER TERMS DON'T REFLECT BANK'S VALUE"
This is not very surprising, since the UniCredit offer held essentially no premium to the Banco BPM share price at the previous close, and the shares moved significantly higher on the day, so there was clearly an expectation of an improved offer.
UniCredit is clearly a motivated acquirer. How much they will be convinced to potentially offer will be very interesting to observe.
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