mergers-and-acquisitions
BankingBanco BPM rebuffs UniCredit bid, saying it undervalues bank
BusinessBanco BPM board member says UniCredit bid is hostile, ANSA reports
FinanceFactbox-What would a UniCredit-Banco BPM combination look like?
FinanceItaly’s UniCredit offers to buy banco BPM for $10.57 billion
UniCredit CEO rules out moving headquarters to Germany in commerzbank deal
Date: November 22, 2024
By Valentina Za MILAN (Reuters) – UniCredit CEO Andrea Orcel on Friday ruled out moving the bank’s headquarters to Germany if it acquires Commerzbank, adding the Italian lender would wait for a new government in Berlin before any potential bid. Speaking at the JPMorgan European Financials Conference in London, Orcel said “No” when an investor...
Amcor to buy berry global in $8.4 billion deal to create packaging powerhouse
Date: November 20, 2024
By Sabrina Valle (Reuters) -Switzerland-based Amcor Plc on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in an all-stock deal, creating a consumer and healthcare packaging giant with combined revenues of $24 billion. As part of the transaction, Berry’s shareholders will receive $73.59 per share, representing a premium of 9.75% to the...
Packaging firm amcor to buy US peer berry for $8.43 billion
Date: November 19, 2024
(Reuters) -Switzerland-based Amcor Plc on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in stock, creating a company with a strong presence across the consumer and healthcare packaging markets. Berry shareholders will receive $73.59 per share held, a premium of 9.75% to the stock’s last close. Berry’s shares were up about 4%...
MSC subsidiary takes final regulatory hurdle for HHLA takeover
Date: November 16, 2024
(Reuters) – HHLA said on Friday that a subsidiary of Swiss-based MSC had received all regulatory approvals for a voluntary public takeover offer of the German port operator. Merger control clearance had been granted by Ukraine, it said, where HHLA operates a terminal in the Black Sea harbour of Odessa, after the European Commission granted...
Coach parent tapestry pulls $8.5 billion bid for capri after FTC roadblock
Date: November 14, 2024
By Savyata Mishra and Ananya Mariam Rajesh (Reuters) -Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European players. The deal would have brought six brands under one roof: Tapestry’s...
Race for Japanese 7-Eleven owner heats up with founding family bid
Date: November 13, 2024
By Ritsuko Shimizu and Kane Wu TOKYO (Reuters) – Japan’s Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, it said on Wednesday, a potential $58 billion white-knight bid as it weighs a rival offer from Canada’s Alimentation Couche-Tard The offer from Ito-Kogyo, a company linked to...