Orcel’s Next Battle Shapes Up as Banco BPM Rejects UniCredit Bid
Banco BPM SpA rebuffed an unsolicited approach by UniCredit SpA, saying its takeover offer wasn’t agreed in advance, is too low and would likely hurt jobs and competition in Italy.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City,
First, there was irritation in Berlin. Next, annoyance in Rome. In his search for expansion, Andrea Orcel is taking risks few ...
Massimo Tononi, chair of Milan-based Banco BPM, received a call late on Sunday evening from an unexpected caller: Andrea ...
UniCredit SpA Chief Executive Officer Andrea Orcel, turning to a fresh takeover target, said that the probability of him ...
Andrea Orcel’s 10-billion-euro offer for Banco BPM on Monday could trigger a wave of possible countermoves from rivals within ...
Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal ...
While in Piazza Meda they are looking for all possible ways to contain Unicredit's proposal, Orcel receives a positive rating from Moody's ...
Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall ...
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