Posted By Global Banking and Finance Review
Posted on March 13, 2025
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)