Brief: Kvika Banki Hf Says Board Has Concluded That Proposals Received From Arion Banki And Íslandsbanki Do Not Reflect Intrinsic Value Of Kvika
13/06/2025 16:51
June 13 (Reuters) - Arion banki hf ARION.IC: KVIKA BANKI HF - BOARD OF KVIKA HAS CONCLUDED THAT PROPOSALS RECEIVED FROM ARION BANKI AND ÍSLANDSBANKI DO NOT REFLECT INTRINSIC VALUE OF KVIKA KVIKA BANKI HF - BOARD THEREFORE DOES NOT BELIEVE THAT ENTERING INTO MERGER DISCUSSION BASED ON THESE PROPOSALS IS IN BEST INTEREST OF BANK KVIKA BANKI HF - SEES SHOULD INTERESTED PARTIES BE WILLING TO IMPROVE THEIR PROPOSALS, BOARD IS OPEN TO REVALUATE ITS DECISION Source text: ID:nGNE5NdY6q Further company coverage: ARION.IC ((Reuters.Briefs@thomsonreuters.com;))