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Commerzbank employees and executives protested UniCredit's takeover attempt at the German bank's AGM, citing risks and job losses from the deal

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Commerzbank formally rejected UniCredit's takeover offer, advising shareholders not to accept the deal, which valued the German lender below its market price
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Germany has officially rejected UniCredit's offer to buy Commerzbank, the country's finance agency said, citing a low price and concerns about what it called the Italian bank's aggressive approach
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Commerzbank plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a takeover by Italy's UniCredit, the German bank ‌said
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UniCredit says it has secured 48% of the shares of Commerzbank, leaving the Italian bank just short of control of the German lender it has been trying to buy since 2024
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