XTRA:CBKBanks
UniCredit Takeover Offer Puts Commerzbank Valuation And Returns In Focus
UniCredit has announced a voluntary public takeover offer for Commerzbank.
The offer targets the remaining 73.98% of shares via a share based transaction.
The proposal is subject to regulatory approvals and other closing conditions.
For Commerzbank (XTRA:CBK) shareholders, the offer comes after a very large 5 year share price gain and a 256.8% return over the past 3 years. The stock last closed at €31.16, with a 3.1% gain over the past week and a 38.2% return over the past year, despite a...