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Monte dei Paschi bids for Mediobanca
Italy's Monte dei Paschi extends losses after its surprise bid for Mediobanca
Shares in Italy's Monte dei Paschi (MPS) fell at market open on Monday, extending Friday's losses, after the state-backed lender launched a surprise 13.3-billion-euro ($13.9 billion) bid for merchant bank Mediobanca.
Mediobanca Board Set to Discuss Peer Monte Dei Paschi's $14 Billion Bid
The board of Italy's Mediobanca is set to meet Tuesday to review the almost $14-billion approach made last week by peer Banca Monte dei Paschi di Siena.
Monte Paschi ‘Unthinkable’ Move on Larger Rival Stuns Italy
The last time Banca Monte dei Paschi di Siena SpA bought another lender, it was the beginning of the road to collapse and nationalization.
NBC New York
3d
Monte dei Paschi shares fall 7% after lender launches surprise 13-billion-euro bid for Mediobanca
Offering 23 of its shares for 10 of its acquisition target,
Monte dei Paschi
values Mediobanca's stock at roughly €15.992 each, a 5% premium to the close price of Jan. 23.
Monte dei Paschi
...
13h
Mediobanca Said to Question Strategic Fit, Value of Paschi Deal
Mediobanca SpA sees little merit in a takeover by Banca Monte dei Paschi di Siena SpA because the strategies of the two ...
3d
World’s Oldest Bank Joins Rush to Consolidate European Lending
Monte dei Paschi launched a near-$14 billion offer to buy counterpart Mediobanca, a fresh twist in the consolidation of Italy ...
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