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| Name | Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo SPA (PK) | USOTC:ISNPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.008 | 0.04% | 22.68 | 22.61 | 22.68 | 22.68 | 22.505 | 22.6501 | 65,273 | 21:00:31 |
From Apr 2019 to Apr 2024
By Giulia Petroni
Italian bank Unione di Banche Italiane SpA said Friday that its board of directors has rejected Intesa Sanpaolo SpA's takeover offer as it's not considered convenient for its shareholders.
UBI said the board has evaluated the offer and reached the conclusion that it doesn't reflect the bank's value and only favors Intesa's shareholders.
"The possibility for Intesa to achieve the transaction's strategic objectives is uncertain," UBI said.
The lender also said the offer would allow Intesa to have a dominant position in Italy by eliminating a competitor.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 03, 2020 11:25 ET (15:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Intesa Sanpaolo (PK) Chart |
1 Month Intesa Sanpaolo (PK) Chart |
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