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Italy's BPER Raises Offer for Popolare Di Sondrio to €5.4bn
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Italy's BPER raises offer for Popolare di Sondrio to €5.4bn
Italian lender BPER has raised its offer to acquire Banca Popolare di Sondrio to €5.4bn ($6.4bn). This marks a substantial jump from its initial €4.3bn all-share proposal launched in February this year. The offer comprises 1.450 newly issued BPER shares plus a cash payment of €1.00 for each Popolare di Sondrio share. The revised bid comes a day after Italy’s antitrust authority, AGCM, conditionally approved the acquisition, requiring BPER to…
The Board of Directors of Bper has deliberated to increase the consideration of the public offer of exchange on People of Sondrio. Bper recognizes, for each share of Sondrio brought in adhesion to the offer, a unitary consideration, represented from the consideration in shares indicated in the document of offer, pairs to 1,450 shares Bper of new issue and from an additional consideration through a component in money pairs to 1,00 euro. Based on …
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