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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.

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"* 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.

Keep reading...Show less