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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Judge blocks release of Epstein files where Trump reportedly named
A US judge has denied the unsealing of grand jury materials from the investigation into Jeffrey Epstein, citing Florida law, despite claims that US President Donald Trump’s name appears in related documents. The ruling, which emphasizes the need for grand jury secrecy, comes amid pressure on Trump for transparency in the case and ongoing political tensions surrounding Epstein's associates. Want More Context? 🔎
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