Italy's UniCredit offers to buy Banco BPM for $10.57 billion

Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros ($10.57 billion). UniCredit said it would offer 0.175 of its common stock for each BPM share. The exchange ratio implies

By: Yahoo Finance

Nov 25 2024
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Italy's UniCredit offers to bu

(Reuters) -Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros ($10.57 billion).
UniCredit said it would offer 0.175 of its common stock for each BPM share. The exchange ra... [324 chars]