UniCredit cautioned Banco BPM shareholders on Monday that should they support a higher bid for Anima Holding by a competitor, UniCredit might withdraw its own buyout proposition for BPM. UniCredit emphasized that it had not yet finalized its offer terms. The Italian bank expressed the intention to ensure that Banco BPM shareholders fully understand the risks and uncertainties associated with the current proposals and the potential outcomes of their choices. Banco BPM could not be reached for immediate comment.