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Board Deems the Buyout Offer for Banco BPM Fair, Anima Reports

Anima Holding announced on Thursday that its board considers the share price of 7 euros offered by its major shareholder Banco BPM to acquire the remaining shares of Italy's largest independent fund manager as appropriate. Banco BPM, in a move to resist a hostile takeover bid from larger competitor UniCredit, has obtained shareholder consent to increase its bid price for Anima to align with market valuations and enhance its bid's viability.