Brief: Do Not Accept Unicredit Offer And Retain Investment, Commerzbank Says To Shareholders
BRIEF-Do Not Accept Unicredit Offer And Retain Investment, Commerzbank Says To Shareholders June 26 (Reuters) - COMMERZBANK AG CBKG.DE:
TO SHAREHOLDERS - DO NOT ACCEPT UNICREDIT’S OFFER AND RETAIN YOUR INVESTMENT IN COMMERZBANK
THE GERMAN GOVERNMENT, AS OUR SECOND-LARGEST SHAREHOLDER, HAS PUBLICLY REAFFIRMED THAT IT WILL NOT TRANSFER ITS STAKE TO UNICREDIT, AS NEITHER THE PRICE OFFERED NOR THE APPROACH IS APPROPRIATE
VAST MAJORITY OF REMAINING SHARES TENDERED COME FROM BANKS AND PARTIES ASSOCIATED WITH UNICREDIT AS DERIVATIVES COUNTERPARTIES
Further company coverage: CBKG.DE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 587785269;))
Recent news on COMMERZBANK AG
See all newsCommerzbank again asks investors to reject UniCredit bid (updated)
Brief: Do Not Accept Unicredit Offer And Retain Investment, Commerzbank Says To Shareholders
Commerzbank asks investors to reject UniCredit bid
Credit Agricole tells Rome it plans to raise its Banco BPM stake to near 30%, sources say
Commerzbank institutional investors tender just over 1% of shares in UniCredit offer, German bank says (updated)