Germany has formally rejected UniCredit’s takeover offer for Commerzbank, arguing that the bid undervalues the German lender and fails to provide an adequate premium for shareholders. The German government, which still owns a 12% stake in Commerzbank following the 2008 financial crisis, reaffirmed its opposition to the proposed merger and expressed concerns over
Universal Music Group has rejected a $64.3 billion takeover proposal from billionaire investor Bill Ackman’s firm, Pershing Square, stating that the offer significantly undervalues the company. Universal’s board said the bid was not in the best interests of shareholders, artists, employees, fans, or other stakeholders, reaffirming confidence in the company’s long-term

