ROME (Reuters) -An Italian court on Thursday rejected an appeal by Banco BPM which had challenged the suspension of a takeover offer it faces by rival UniCredit, the court's website showed. UniCredit
Italian Court Dismisses Banco BPM's Challenge to UniCredit Bid Halt
ROME (Reuters) -An Italian court on Thursday rejected an appeal by Banco BPM which had challenged the suspension of a takeover offer it faces by rival UniCredit, the court's website showed.
UniCredit secured a one-month suspension of its offer for BPM by the country's markets regulator after the bid ran into difficulties due to government-set conditions.
BPM had sought to have the suspension scrapped, saying it limited the bank's decision-making abilities and damaged its shareholders.
(Reporting by Valentina Za, editing by Gavin Jones)






