Italy's Monte dei Paschi launches surprise 13-billion-euro bid for larger peer Mediobanca
Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro all-share takeover offer for larger domestic peer Mediobanca.
Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca
Italian bank Monte dei Paschi di Siena has announced it is launching a 13.3 billion euro takeover bid for larger peer Mediobanca in a surprise move that could reshape the country’s banking sector.
Mediobanca rejects Monte dei Paschi buyout bid, saying it is "devoid" of rationale
Investing.com - Italian bank Mediobanca (BIT:MDBI) has rejected a takeover bid from peer Banca Monte dei Paschi di Siena (BIT:BMPS), arguing that the offer was "destructive" for its shareholders.