Italy’s UniCredit offers to buy Banco BPM for $10.57 billion

11/25/2024

Less than a minute

2024.11.25 01:07

(Reuters) -Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros ($10.57 billion).

UniCredit said it would offer 0.175 of its common stock for each BPM share. The exchange ratio implies an offer value of 6.67 euros per share, a premium of about 0.4% to BPM’s last close on Friday.

The total deal value is based on Reuters calculations.

© Reuters. FILE PHOTO: Unicredit bank logo is seen on a banner downtown Milan, Italy, May 23, 2016. REUTERS/Stefano Rellandini/File Photo

BPM did not immediately respond to a Reuters request for comment.

($1 = 0.9542 euros)

11/25/2024

Less than a minute

Bitcoin (BTC) $ 99,019.53 0.59%

Ethereum (ETH) $ 3,482.02 0.05%

Tether (USDT) $ 0.99952 0.00%

XRP (XRP) $ 2.28 1.21%

BNB (BNB) $ 702.20 0.41%

Solana (SOL) $ 197.03 0.34%

Dogecoin (DOGE) $ 0.333389 1.08%

USDC (USDC) $ 1.00 0.04%

Lido Staked Ether (STETH) $ 3,477.75 0.04%

Cardano (ADA) $ 0.912147 2.52%

TRON (TRX) $ 0.257331 0.53%

Avalanche (AVAX) $ 40.08 2.34%

Chainlink (LINK) $ 24.22 3.65%

the-open-network

Toncoin (TON) $ 5.94 0.60%

Wrapped stETH (WSTETH) $ 4,130.61 0.08%

Shiba Inu (SHIB) $ 0.000023 4.24%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 98,632.43 0.59%

Sui (SUI) $ 4.44 3.89%

hedera-hashgraph

Hedera (HBAR) $ 0.308365 4.57%

Stellar (XLM) $ 0.380772 4.18%

Polkadot (DOT) $ 7.45 1.15%

WETH (WETH) $ 3,482.19 0.02%

Bitcoin Cash (BCH) $ 462.16 1.30%

Hyperliquid (HYPE) $ 26.27 12.80%

LEO Token (LEO) $ 9.52 0.51%

Uniswap (UNI) $ 13.81 4.46%

Litecoin (LTC) $ 108.85 0.71%

Bitget Token (BGB) $ 5.72 13.40%

Pepe (PEPE) $ 0.000018 4.56%

Wrapped eETH (WEETH) $ 3,678.37 0.04%

NEAR Protocol (NEAR) $ 5.40 2.73%

Ethena USDe (USDE) $ 0.999388 0.00%

Aave (AAVE) $ 363.49 1.80%

USDS (USDS) $ 0.999085 0.12%

internet-computer

Internet Computer (ICP) $ 11.12 1.95%

Aptos (APT) $ 9.48 3.53%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.511802 2.64%

crypto-com-chain

Cronos (CRO) $ 0.156001 4.55%

Mantle (MNT) $ 1.22 0.77%

VeChain (VET) $ 0.051111 2.84%

Ethereum Classic (ETC) $ 27.13 2.52%

Render (RENDER) $ 7.49 3.87%

Bittensor (TAO) $ 496.18 1.22%

WhiteBIT Coin (WBT) $ 24.92 0.09%

MANTRA (OM) $ 3.75 1.49%

Monero (XMR) $ 189.66 1.16%

Artificial Superintelligence Alliance (FET) $ 1.34 3.98%

Dai (DAI) $ 1.00 0.01%

Arbitrum (ARB) $ 0.797846 2.19%

Filecoin (FIL) $ 5.28 3.03%