Tuesday, June 26, 2007

UPDATE 1-Pop Milano board balks at Emilia merger

(Reuters) - The two cooperative banks agreed to go ahead a month ago
with the merger, which would have created the country's
sixth-largest bank in the fast-consolidating sector.




But on Tuesday, Pop Milano said in a terse statement that
its board was divided on the plan and had not approved changes
to its statutes that were a necessary step towards the deal.


Read more at Reuters.com Mergers News

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