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.
Mediobanca Stock Jumps on Bid From Rival Monte dei Paschi
Another European bank is in play, with Italy's Mediobanca fielding a surprise takeover offer from rival Monte dei Paschi. Shares in the target surged, while those in the bidder fell. Get the full stor
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.
Mediobanca Is Said to See Monte Paschi’s Takeover Bid as Hostile
Mediobanca SpA is opposed to the takeover bid by rival Banca Monte dei Paschi di Siena SpA, according to a person familiar with the matter.
Daily Jang24m
Italian cyclist Sara Piffer dies at 19 in tragic car accident
Sara Piffer, a rising star in the cycling world, passed away after being hit by a car in Italy’s northern Trentino region.The ...
In Pisa, Find Italian Wonders Beyond the Leaning Tower
Thinking of Italy's Pisa instantly conjures the image of its leaning tower – the famous, centuries-old architectural marvel ...
Isolation and hallucinatory bread: Portrait of an Italian island with just 100 inhabitants
Two photographers spent the winter months documenting tourist-free life on Alicudi, a mysterious island with no cars, roads ...
Italian priests sexually abused children for decades, inquiry finds
Dozens of children in northern Italy were sexually abused by priests for more than six decades, according to a groundbreaking ...
Italian Court Upholds Amanda Knox's 2024 Slander Conviction for Falsely Accusing Bar Owner of Murder
The 37-year-old was fighting to clear her name after being convicted of falsely accusing a Congolese bar owner of murdering ...
Italian bank M&A serves high drama and low premium
Monte dei Paschi di Siena ’s all-share offer for Mediobanca looks underwhelming, viewed through the lens investors use to assess such deals. True, combining the €8bn Tuscan retail and commercial ...
Italian-influenced cocktails and hand-stretched mozzarella are the stars of a new bar in Cherry Creek
Culinary Creative — known for restaurants like A5 Steakhouse, Mister Oso, Bar Dough and the newly opened Magna Kainan, also ...
Italian pasta company to open first US plant in central Pa.
This project will bring more than $12.5 million into the local economy and create at least 74 full-time jobs in Union County.