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.
UniCredit's takeover bid for Banco BPM sparks job concerns
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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.
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 says UniCredit's ‘unusual' $10.5 billion takeover offer does not reflect its profitability
The 10 billion-euro ($10.52 billion) bid presented by UniCredit on Monday was not previously agreed and was delivered on "unusual" terms, the Banco BPM board of directors said in a CNBC-translated statement. It also failed to reflect Banco BPM's profitability and potential for further value creation, the board added.
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.
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.
Banco BPM rejects 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.
UniCredit bid for Banco BPM raises concerns on workforce, union says
UniCredit's bid for Banco BPM raises concerns about the potential impact of the deal on jobs, the banking sector's main union said on Thursday. "There is great concern about the employment fallout that could result from the deal.
Over 6,000 job losses if UniCredit takes over says BPM
ROME, NOV 27 - The CEO of Banco BPM, Giuseppe Castagna, wrote a letter to staff Wednesday saying there would be estimated job losses of at least 6,000 if Italy's second-biggest bank UniCredit succeeds in its hostile takeover bid for the country's third-biggest.
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Banco Bpm evaluates an extraordinary meeting focusing on Anima. Amundi is at 1,3% of Unicredit
While in Piazza Meda they are looking for all possible ways to contain Unicredit's proposal, Orcel receives a positive rating from Moody's ...
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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 ...
Italy's League announce bill to overhaul central bank's governance
Italy's co-ruling League party said on Tuesday it was drawing up a bill to boost politicians' powers to name senior central ...