Reported about 4 hours ago
Banco BPM SpA has raised its offer for Anima Holding SpA from €6.20 to €7 per share, demonstrating its commitment to win over investors while fending off a hostile takeover attempt by UniCredit SpA. The increased bid follows a significant stake commitment by Poste Italiane SpA and FSI, which alongside Banco BPM’s own 22% holding, raises their collective stake to 21%. The Italian bank is adjusting its business plan in response to the competitive acquisition landscape.
Source: YAHOO