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Banco BPM, UniCredit

Reuters on MSN · 7h

Banco BPM boss warns of job losses in UniCredit deal

Italy's Banco BPM, the target of an unsolicited all-share offer announced by UniCredit, should remain an independent bank, its CEO said in a letter to staff on Wednesday, warning of big job cuts if the deal went through.

Hosted on MSN · 1d

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability and could reduce its legal autonomy. UniCredit offered to snap up Banco BPM for roughly $10.

Bloomberg L.P. · 1d

Banco BPM Says UniCredit Bid Doesn’t Reflect Its Profitability

Banco BPM SpA said the takeover bid it has received from UniCredit SpA wasn’t agreed in advance and isn’t in line with its performance.

2d

UniCredit’s BPM Curveball Leaves Meloni Scrambling on Banking Plan

UniCredit SpA’s surprise bid for Banco BPM SpA has left Prime Minister Giorgia Meloni’s government struggling to work out if ...

2d

European stocks close higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM

European stocks are expected to open higher Monday as global market sentiment rises. The U.K.'s FTSE 100 index is expected to ...

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