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Banco BPM, UniCredit
Orcel’s Next Battle Shapes Up as Banco BPM Rejects UniCredit Bid
Banco BPM SpA rebuffed an unsolicited approach by UniCredit SpA, saying its takeover offer wasn’t agreed in advance, is too low and would likely hurt jobs and competition in Italy.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City,
BPM spurns UniCredit’s takeover bid
The bank blasted what it sees as a weak premium. Its CEO warned a deal would cost BPM 6,000 jobs. And Italian officials expressed concern that a UniCredit tie-up would stall efforts to grow BPM.
Italy’s Banco BPM Rebukes UniCredit’s $10.5 Billion Bid
The Italian lender rejected the offer from its larger rival, saying it undervalues the bank and creates uncertainty.
Racine County Eye on MSN
27d
How Business Process Management Improves Compliance and Risk Management?
If something goes off track, the
business process management
system
sends out alerts, giving the team a heads-up for ...
3d
on MSN
UniCredit CEO not surprised by government's reaction to Banco BPM deal
UniCredit CEO Andrea Orcel said the Italian government's initial response to his bank's unsolicited bid for rival Banco BPM ...
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