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
Monte dei Paschi bids for Mediobanca as Italian banking drama escalates
By Valentina Za and Gianluca Semeraro MILAN (Reuters) -State-backed Monte dei Paschi di Siena on Friday joined in the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy merchant bank Mediobanca.
Paschi’s €13 Billion Mediobanca Bid Adds Twist to Italian Saga
Banca Monte dei Paschi di Siena SpA made a surprise offer to acquire larger rival Mediobanca SpA in a deal valued at €13.3 billion ($13.9 billion), adding a new twist in a series of takeover attempts that are shaking up Italy’s banking industry.
Italy's Monte dei Paschi bids 13.3 bn euros for Mediobanca
Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca, a potential 13.3 billion euro ($13.9 billion) deal that could
Bailed-out MPS bids for Mediobanca as Italian banking drama escalates
Bailed-out lender Monte dei Paschi di Siena (MPS) launched on Friday a 13.3 billion euro ($13.9 billion) all-share buyout offer for Mediobanca, in the latest surprise twist of a complex Italian banking saga.
Monte dei Paschi makes 13-billion-euro bid for Mediobanca as M&A appetite heats up in Italian banking
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.
Monte dei Paschi bids for Mediobanca takeover
The deal intensifies with MPS offering 23 of its shares for every 10 shares of Mediobanca, representing a 5% premium over the last closing price.
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