UniCredit Targets Commerzbank: Stake to Increase Above 30%!
Reading Time: 3 minutes
The Italian banking giant UniCredit (MIL: UCG) has announced its intention to increase its stake in the German Commerzbank to over 30%. This would mean that the institution would surpass an important regulatory threshold, which is often seen as a prerequisite for a potential takeover bid. The planned offer is expected to provide an exchange ratio of 0.485 UniCredit shares for each Commerzbank share. This results in an implied price of 30.80 euros per Commerzbank share, representing a premium of about 4% over the most recent closing price. On this...
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