Italian private bank Banca Generali bids for broker Intermonte [Yahoo! Finance]
ASSICURAZIONI GENERLI ADR (ARZGY)
NASDAQ:AMEX Investor Relations:
generali.com/investors
Company Research
Source: Yahoo! Finance
MILAN (Reuters) -Italian private bank Banca Generali on Monday said it was launching a 98 million euro ($109 mln) all-cash buyout bid for Intermonte, to take the Milanese broker private and direct its services at Banca Generali clients. Shares in Intermonte failed to start trading at the market open, and were last indicated up 19.6%, broadly in line with the 21.9% premium over Friday's closing price of 2.49 euros being offered by Banca Generali, shares of which were flat. The deal highlights rising competition in the wealth management sector, where players that cannot compete in terms of scale are looking for market niches and a specialised product offer. Banca Generali said the acquisition would allow it to bring in house Intermonte's equity and Exchange-Traded Funds (ETF) trading operations, as well as its derivatives business, with the possibility of devising new products. Intermonte's investment banking capabilities would be useful to the small business owners that bank w
Show less
Read more
Impact Snapshot
Event Time:
ARZGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARZGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARZGY alerts
High impacting ASSICURAZIONI GENERLI ADR news events
Weekly update
A roundup of the hottest topics
ARZGY
News
- Three Dividend Stocks To Enhance Your Portfolio [Yahoo! Finance]Yahoo! Finance
- 10 Travel Insurance Myths That Could Ruin Your Next Trip [Forbes]Forbes
- Banca Generali (WBO:BGN) Q3 2024 Earnings Call Highlights: Record Profits and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Amazon to invest $1.3 billion in Italy data centre business [Yahoo! Finance]Yahoo! Finance
- AM Best Withdraws Credit Ratings of Generali Life (Hong Kong) Limited [Yahoo! Finance]Yahoo! Finance