Commerzbank (CBK GY) says UniCredit (UCG IM) offer has a relatively low attractiveness, remains open to constructive dialogue; affirms FY26 outlook and targets through 2020
- Says low independent shareholder acceptance is evidence of the offer’s low attractiveness
- Commerzbank says 17.60% of shares were tendered in UniCredit’s takeover offer by the end of the additional acceptance period
- Says institutional and retail investors tendered less than 2%, with tendered shares mainly from banks and parties connected to UniCredit
#GERMANY#EUROPE#UNICREDIT SPA#UCG.IM#COMMERZBANK AG#CBK.GY#EQUITIES#EU SESSION#DIVERSIFIED BANKS#BANKS#BANKS (GROUP)#EURO STOXX 50#DAX 40 INDEX#UCG#CBK#EUROPEAN EQUITIES