Spain's Caixabank to launch full takeover bid for Portugal's BPI

Spain's Caixabank said on Monday it would make a full takeover bid in cash for Portugal's BPI for 1.113 euros ($1.26) per share for the 56 percent stake it doesn't already hold. The offer is dependent on acceptance topping 50 percent of BPI and the Portuguese bank eliminating a 20 percent shareholder rights limitation, the Spanish bank said in a statement to the stock market regulator on Monday.