Commerzbank Rejects UniCredit Takeover Offer as Undervalued
Commerzbank has formally rejected a takeover offer from Italian bank UniCredit, advising its shareholders against the bid. The German bank deemed the offer risky and undervalued.
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Commerzbank formally rejects UniCredit takeover offer as risky and undervalued - Reuters
Commerzbank formally rejects UniCredit takeover offer as risky and undervalued Reuters
Read full article →Commerzbank rejects €39bn UniCredit takeover offer
Proposal draws pushback from German lender and Chancellor Friedrich Merz
Read full article →Commerzbank rallies shareholders against UniCredit takeover offer
Read full article →Commerzbank rejects UniCredit's takeover offer
(ANSA) - ROME, MAY 18 - Commerzbank said Monday that it has formally advised its shareholders to reject UniCredit's low-ball offer to take over the German lender, with its board of directors and the supervisory board saying the operation "does not reflect the fundamental value of Commerzbank" and was "vague" and "entails considerable risks". It said UniCredit's offer "underestimates revenue losses, overestimates synergies, and assumes an unrealistic implementation timeline". UniCredit express...
By ANSA
Read full article →Commerzbank formally rejects UniCredit takeover offer
Commerzbank formally rejected UniCredit's takeover offer on Monday, reinforcing its opposition to the Italian lender's months-long attempt to acquire the German bank. Un...
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