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Monte dei Paschi bids for Mediobanca

Hosted on MSN · 7h

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.

MarketWatch · 3h

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.

The Associated Press on MSN · 3d

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.

2d

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 ...

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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