US EditionItaly Is Awash With M&As
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Italy Is Awash With M&As
UniCredit’s hostile offer for Banco BPM is the most talked about, valued at $16.35 billion, almost $1 billion below BPM’s market value. The bid followed Unicredit’s unsuccessful negotiations with the Italian government to take over Banca Monte dei Paschi di Siena three years ago. Unicredit launched the new tender on BPM despite restrictions imposed by the government. The situation is currently stalling after Italy’s market regulator temporarily …
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