Italian lender Banco BPM rejected an unexpected takeover offer from domestic rival UniCredit, stating that the 10 billion-euro bid did not reflect its profitability and potential for value creation. The Banco BPM board of directors criticized the bid for being delivered on unusual terms and warned that a potential merger would harm the lender’s legal autonomy. UniCredit’s offer of 6.657 euros per share, only slightly above Friday’s closing price, was part of an all-stock deal that could expose Banco BPM stakeholders to the bank’s expansion plans in Germany, according to the board.
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Suspect arrested in alleged antisemitic road rage incident involving Rep. Max Miller
A suspect in a road rage incident involving Ohio Rep. Max Miller has turned himself in after Miller reported being threatened and run off the road by a man waving a Palestinian flag. The suspect, Feras Hamdan, faces charges including aggravated menacing, with the incident highlighting rising political violence amid recent threats against lawmakers. Need More Context? 🔎
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