๐ฆ UniCredit's Effort to Take Over Commerzbank Continues
Italy's UniCredit has gained a little more support in its takeover bid for Commerzbank. According to the latest update, shareholders have tendered 12.51% of Commerzbank shares, up slightly from 12.41% previously.
Despite this, Commerzbank has once again urged its shareholders to reject UniCredit's offer. The bank said it would be open to discussions if UniCredit is willing to present a better offer price and engage seriously in negotiations.
UniCredit's overall position in Commerzbank has now reached 42.5%, including shares and derivatives.
๐ Investors can still tender their shares between June 20 and July 3, while the final outcome of the takeover bid will be announced on July 8.
#Commerzbank #UniCredit #FinanceNews #StockMarket
Italy's UniCredit has gained a little more support in its takeover bid for Commerzbank. According to the latest update, shareholders have tendered 12.51% of Commerzbank shares, up slightly from 12.41% previously.
Despite this, Commerzbank has once again urged its shareholders to reject UniCredit's offer. The bank said it would be open to discussions if UniCredit is willing to present a better offer price and engage seriously in negotiations.
UniCredit's overall position in Commerzbank has now reached 42.5%, including shares and derivatives.
๐ Investors can still tender their shares between June 20 and July 3, while the final outcome of the takeover bid will be announced on July 8.
#Commerzbank #UniCredit #FinanceNews #StockMarket