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The provider just wants to record something. It's almost certain that it's not Unicredit directly behind the offer, but someone else....
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@Get_Rich_or_Die_Tryin Sometimes hedge funds or other players intervene to try to snatch shares from small investors at below their value in the hope that they will be inattentive or want to cash in quickly. These offers are often well below the current market price.

ING is only the intermediary of the information and since neither of us can see what is written on the offer, this may well be the case.
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@7Trader 2 things don't fit for me:
1. these are generally cash settlement offers in the cases you describe.
2. the exchange ratio corresponds exactly to the ratio issued by UniCredit.
Therefore, it is quite clear to me here.

But basically I know what you're getting at.😉
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@7Trader No, this is the official offer from UniCredit. Let's see how it develops, it will probably be a hostile takeover.

https://www.commerzbank.de/konzern/was-uns-bewegt/commerzbank-als-unternehmen/2026-unicredit-position-faq.html?hl=de-DE
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@Get_Rich_or_Die_Tryin So the offer comes directly from ING and nothing is being sold, only converted. it just has to agree by June 16.
That's all it says, except that there are no costs and only whole parts can be converted. Any fractions can be sold free of charge.

I think the ING offer is "genuine".

Yours sincerely
Carsten
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@Carsten1970 I do not doubt the authenticity. Only the origin - ING is only the bearer of the offer.
And if there is a difference, then it could be a third party who has cast his line in the pond.
In the end, you don't care anyway. If the offer suits you, then take it - and if not, then leave it alone
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It is the attempted takeover of CoBa by UniCredit. Andrea must submit a mandatory offer when the 30% threshold is reached.

He has done so and if it is not accepted due to its deliberate unattractiveness, he can continue to buy on the stock markets in a relaxed manner. After all, he has fulfilled his duty.