UniCredit’s €40 billion bid for Commerzbank reaches scheduled close amid continued German opposition
UniCredit’s voluntary €40 billion bid for Commerzbank formally ends on Tuesday. The Italian bank will publish an interim tally of shares tendered up to the 1200 GMT cut-off and a fuller update on June 19 covering acceptances through midnight Frankfurt time. Investors retain an extra two-week window to tender between June 20 and July 3 under unchang…