Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability
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Banco BPM has rejected UniCredit's $10.5 billion takeover offer, stating it does not reflect its profitability and could impact its legal autonomy.
November 26, 2024 | 12:15 pm
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Banco BPM has rejected a $10.5 billion takeover offer from UniCredit, citing concerns over profitability and legal autonomy.
Banco BPM's rejection of the offer suggests that the company believes it is undervalued, which may maintain its current stock price. However, the rejection could also lead to uncertainty about future acquisition attempts.
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