Commerzbank shares trade above UniCredit’s takeover price, pressuring a sweeter bid. The German bank counters with a dividend and government backing for independence.
The market is delivering a clear verdict on UniCredit’s proposed share-swap offer for Commerzbank, with the German lender’s equity price trading stubbornly above the implied takeover value. This discrepancy is intensifying pressure on the Italian bank to enhance its bid, while Commerzbank’s management counters with a substantial dividend payout to champion its standalone future.
Market Valuation Exceeds Offer Terms
UniCredit has scheduled an extraordinary general meeting for May 4 to seek approval for a capital increase of up to 470 million new…
