@zimbuckapp: BANCO BPM SOARS 9.4% ON MERGER PROPOSAL 🏦 Banco BPM shares jumped 9.4% at Monday's European open after Crédit Agricole proposed merging its Italian subsidiary with the lender to create Italy's third-largest bank. The pitch offers BPM shareholders a 20% premium plus a €1 billion extraordinary dividend, with about €800 million in expected annual synergies and Crédit Agricole's stake rising to about 45% from 29.6%. European shares were flat overall (STOXX 600 at 648.88), while UniCredit gained 3.6% after a forecast-beating 24% rise in third-quarter profit. Sources: Reuters, Dow Jones Newswires #BancoBPM #CreditAgricole #Banking #EuropeanStocks #FinanceNews Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com

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