Rejects Unicredit Takeover

Banco BPM rejects UniCredit takeover bid

Italy’s third-largest bank says value of offer is ‘completely unusual’ and fails to reflect its prospects

World - Financial Times - 4 days ago

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

Top stories - The New York Times - November 1

UniCredit and Commerzbank square off with target hikes amid takeover battle

UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.

Business - CNBC - November 6

Rome rules out decree to counter UniCredit takeover bid for BPM

Andrea Orcel’s move has frustrated Giorgia Meloni’s plan to merge state-backed Monte dei Paschi di Siena with BPM

Business - Financial Times - 17 hours ago

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.

Business - CNBC - 4 days ago

UK car insurer Direct Line rejects £3.3bn takeover offer by Aviva

The company, part way through a turnaround plan, says the cash and shares proposal undervalues the business

World - Financial Times - 2 days ago

Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer

Direct Line’s shares surged as investor’s hoped the rejection might pave the way for a second takeover bid from the U.K.’s largest insurance company

Business - MarketWatch - 2 days ago

Commerzbank Lifts Guidance as UniCredit Circles

Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.

Business - The Wall Street Journal - November 6

UniCredit Raises 2024 Outlook After Earnings Rise

UniCredit lifted its earnings guidance for the year after reporting a net profit increase that exceeded expectations.

Business - The Wall Street Journal - November 6

UniCredit’s journey from foreign predator to domestic consolidator

Two months ago Andrea Orcel swooped on Germany’s Commerzbank. Now the dealmaker is bidding for Banco BPM

Business - Financial Times - 4 days ago

UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.

Business - CNBC - 4 days ago

UniCredit’s Orcel is just working the angles on European bank mergers

Lowball offer for BPM is unlikely to succeed but gives UniCredit’s chief room for manoeuvre

World - Financial Times - 5 days ago

UniCredit makes €10bn offer for Italian rival Banco BPM

Bid for domestic competitor hits shares in Germany’s Commerzbank, which had been viewed as a target

World - Financial Times - 4 days ago

LinkedIn’s Hostile Takeover of the Tech Job Market

LinkedIn is going all-in on AI for recruiters and job seekers.

Business - Inc. - November 5

Chelsea duo praise Bompastor's smooth takeover

Chelsea duo Erin Cuthbert and Zecira Musovic praised new manager Sonia Bompastor following their unbeaten start to the season and the smooth transition to her leadership.

Sports - ESPN - November 6

Verizon's Takeover of Frontier Communications Wins Shareholder Support

The $9.6 billion deal would expand Verizon’s fiber network to a size that would rival major competitors such as AT&T and Comcast.

Business - The Wall Street Journal - November 13

7-Eleven, the Slurpee and a $47 Billion Takeover Battle

The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.

Business - The Wall Street Journal - November 22

Florida's takeover of the GOP is about to transform Washington

POLITICO reporters discuss what Florida’s takeover of the Republican Party means in a second Trump administration.

Politics - Politico - 4 days ago

Flurry of takeover activity sweeps UK market

Renewi and Loungers both agree deals while Direct Line rebuffs approach

Business - Financial Times - Yesterday

Wisconsin rejects ban on noncitizen voting

Voters in Wisconsin rejected a ballot measure amending the state’s constitution to explicitly prohibit foreign nationals from voting in any election in the state. The ballot measure was part of a ...

Politics - The Hill - November 6

California Republican Ken Calvert holds off Dem challenge in Palm Springs area

Calvert defeated Democrat Will Rollins, a former federal prosecutor.

Politics - Politico - November 13

Elon Musk’s Twitter Takeover Set Off a Race to the Bottom

Social media companies that once at least tried to promote a healthy information ecosystem have largely given up—and insiders say Musk’s example gave them cover.

Tech - Wired - November 5

Jos Buttler returns for England ‘excited’ by McCullum’s white-ball takeover

Captain admits fearing sack after T20 World Cup flop McCullum says main job is lifting ‘miserable’ Buttler Jos Buttler feared he could be sacked as England captain after their T20 World Cup exit ...

World - The Guardian - November 8

X sees largest user exodus since Musk takeover

Users are exploring alternatives like Bluesky and Threads.

How the states can protect public health from the federal fringe takeover

No matter where we live, we should ask what our state doing to protect our families against rancorous false cries against basic public health protections.

Politics - The Hill - November 14

KKR and Bain’s $4bn takeover battle set to open up M&A in Japan

Bankers say clash of private equity titans augurs new phase of ‘hostile’ dealmaking in country

World - Financial Times - November 18

SG Fleet Receives $780 Million Private-Equity Takeover Proposal

SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.

Business - The Wall Street Journal - 5 days ago

Trump transition team signs agreement to begin takeover from Biden

Officials sign memorandum of understanding although details suggest some breaks with standard practice. Donald Trump ’s team announced on Tuesday it had signed an agreement to start the complex ...

World - The Guardian - 3 days ago

Judge Finds New York in Contempt, Clearing the Way for Rikers Takeover

The finding was a landmark in a court case that has stretched out over more than a decade. Plans for a receivership of New York City’s jails will be heard on Jan. 14.

Top stories - The New York Times - 2 days ago

Everton owner Moshiri makes pledge over £451m debt if takeover drags on

Debt would be converted into shares to avoid payment Moshiri committed to waiving debt in Friedkin deal Farhad Moshiri has agreed to convert his £451m loan to Everton into shares if the club has ...

World - The Guardian - Yesterday

What to Know About a Possible Federal Takeover of Rikers Island

A judge found New York City in contempt of an agreement meant to improve jail conditions, setting the stage for a receivership.