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Shares in Commerzbank slip below price of UniCredit's bid - Finance news and analysis from Global Banking & Finance Review
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Shares in Commerzbank slip below price of UniCredit's bid

Published by Global Banking & Finance Review

Posted on June 16, 2026

1 min read

· Last updated: June 16, 2026

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Shares in Commerzbank slip below price of UniCredit's bid

Commerzbank Shares Drop Below UniCredit Offer Value

MILAN, June 16 (Reuters) - Shares in Germany's Commerzbank slipped below the price implied by UniCredit's hostile buyout offer on Tuesday, after trading consistently above that level since the Italian bank launched its bid on May 5.

Details of the UniCredit Bid

The offer ends on Tuesday before reopening for a further 15 days from June 20.

Market Reactions and Investor Sentiment

A London-based and a Frankfurt-based trader said investors were likely fretting about the rising challenges the bid faces.

Current Share Prices and Valuation

Shares in Commerzbank were trading at €36.63 by 0852 GMT, while those of UniCredit were at €76.85.

With an exchange ratio of 0.485 new UniCredit shares for each Commerzbank share tendered, the Italian bank's bid values Commerzbank at €37.30 a share.

Reporting Credits

(Reporting by Danilo Masoni and Valentina Za; Editing by Kirsten Donovan)

Key Takeaways

  • Market hesitation: Commerzbank stock slipped below the offer price of €37.33, signaling investor skepticism toward UniCredit’s bid.
  • Control consolidated: UniCredit has raised its direct stake in Commerzbank to approximately 34.4%, moving closer to majority control despite resistance.
  • Offer timeline extended: The initial bid period ends today (June 16); a secondary acceptance window runs from June 20 to July 3.

Frequently Asked Questions

What caused Commerzbank shares to fall below UniCredit's bid price?
Commerzbank shares slipped below the price implied by UniCredit's buyout offer after previously trading above it since the bid was launched.
What is the value of UniCredit's bid for Commerzbank?
UniCredit's bid values Commerzbank at €37.33 per share, based on an exchange ratio of 0.485 new UniCredit shares for each Commerzbank share tendered.
When did UniCredit launch its hostile bid for Commerzbank?
UniCredit launched its hostile buyout offer for Commerzbank on May 5.
When does UniCredit's buyout offer period end?
The offer period ends on Tuesday and will reopen for 15 more days from June 20.
What were the latest trading prices for Commerzbank and UniCredit shares?
Commerzbank traded at €36.53 and UniCredit at €76.97 as of 0812 GMT.

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