UniCredit Dismisses Commerzbank Claims Over Exchange Offer Take-Up Data
UniCredit Responds to Commerzbank's Exchange Offer Allegations
MILAN, June 15 (Reuters) - Italian bank UniCredit on Monday dismissed as groundless suggestions by Commerzbank that the real take-up in its exchange offer to take over the German lender is lower than data show.
Clarification of UniCredit's Position
UniCredit said it was "compelled to clarify its position to set the record straight" because of "the continued and relentless dissemination of inaccurate and misleading information" which was interfering with the offer process and "encouraging regulatory and legal investigations to disrupt the integrity of the offer."
Statement on Protecting Interests
It added in a statement that it would consider "the most appropriate action to protect its interests."
Rejection of Share Borrowing Claims
"Suggestions that the actual number of tendered shares is lower because these shares have been borrowed from UniCredit are false and without foundation," it said.
(Reporting by Valentina Za, editing by Gavin Jones)
