Anima says board deemed fair price of Banco BPM's buyout offer
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Anima's board approves Banco BPM's 7 euros per share offer to counter UniCredit's takeover bid, aligning with market prices.
MILAN (Reuters) - Anima Holding said on Thursday its board had deemed as adequate the price of 7 euros a share proposed by its leading investor Banco BPM to buy out other shareholders in Italy's biggest independent fund manager.
In an effort to fend off a hostile takeover bid by bigger rival UniCredit, Banco BPM has secured shareholder approval to raise the price of its own bid for Anima, to bring it in line with market prices and boost its chances of success.
(Reporting by Valentina Za; Editing by Chris Reese)
Banco BPM proposed a buyout price of 7 euros per share for Anima.
Banco BPM raised its bid to fend off a hostile takeover bid from bigger rival UniCredit and to align with market prices.
The article was reported by Valentina Za and edited by Chris Reese.
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