Commerzbank Rejects Unicredit Takeover Bid
Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.
Commerzbank Rejects Unicredit Takeover Bid
Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.
Progress
52% Bias Score
Germany Retains Influence in Commerzbank Amidst Potential Unicredit Takeover
Due to a 2008 bailout, Germany retains the right to appoint two non-executive directors to Commerzbank's supervisory board as long as it owns over 10% of the shares; following a partial share sale to Unicredit, Germany now holds 12% and is considering the implications of a potential full takeover by...
Germany Retains Influence in Commerzbank Amidst Potential Unicredit Takeover
Due to a 2008 bailout, Germany retains the right to appoint two non-executive directors to Commerzbank's supervisory board as long as it owns over 10% of the shares; following a partial share sale to Unicredit, Germany now holds 12% and is considering the implications of a potential full takeover by...
Progress
52% Bias Score
UniCredit Faces Choice Between Two Takeover Bids Amidst Political and Financial Hurdles
UniCredit's CEO Andrea Orcel is pursuing two takeover bids: a stalled bid for Commerzbank (Germany) due to political resistance, and a 10 billion euro offer for Banco BPM (Italy), which was deemed unsatisfactory due to its terms. Analysts say UniCredit can sweeten the Banco BPM bid, but must conside...
UniCredit Faces Choice Between Two Takeover Bids Amidst Political and Financial Hurdles
UniCredit's CEO Andrea Orcel is pursuing two takeover bids: a stalled bid for Commerzbank (Germany) due to political resistance, and a 10 billion euro offer for Banco BPM (Italy), which was deemed unsatisfactory due to its terms. Analysts say UniCredit can sweeten the Banco BPM bid, but must conside...
Progress
48% Bias Score
Unicredit Expands Commerzbank Stake Amidst German Opposition
Unicredit, an Italian bank, increased its stake in Germany's Commerzbank to about 28 percent, primarily through financial instruments, despite the German government's opposition, viewing it as a hostile takeover, raising concerns about potential job cuts.
Unicredit Expands Commerzbank Stake Amidst German Opposition
Unicredit, an Italian bank, increased its stake in Germany's Commerzbank to about 28 percent, primarily through financial instruments, despite the German government's opposition, viewing it as a hostile takeover, raising concerns about potential job cuts.
Progress
40% Bias Score
Crédit Agricole Boosts Banco BPM Stake, Shares Surge
Crédit Agricole is increasing its stake in Banco BPM from 9.9% to 15.1%, causing Banco BPM shares to rise over 2%—the highest since January 2016—following a rejected takeover bid from UniCredit last month and amid Banco BPM's own expansion efforts, including a bid for Anima Holding and potential mer...
Crédit Agricole Boosts Banco BPM Stake, Shares Surge
Crédit Agricole is increasing its stake in Banco BPM from 9.9% to 15.1%, causing Banco BPM shares to rise over 2%—the highest since January 2016—following a rejected takeover bid from UniCredit last month and amid Banco BPM's own expansion efforts, including a bid for Anima Holding and potential mer...
Progress
44% Bias Score