Deals
CaixaBank Raises BPI Takeover Bid as Offer Becomes Mandatory
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CaixaBank SA, Spain’s third-largest lender, increased its offer for Banco BPI SA after shareholders at the Portuguese bank ruled to end voting-rights limits prompting the offer to become mandatory under Portuguese law.
The Barcelona-based lender offered 1.134 euros in cash per share for the rest of Banco BPI it doesn’t already own, CaixaBank said in a regulatory filing Wednesday. It had offered 1.113 euros per share in April when it launched its second takeover bid for the Portuguese lender.