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Monte dei Paschi bids for Mediobanca

Hosted on MSN · 2d

Monte dei Paschi shares fall 7% after lender launches surprise 13-billion-euro bid for 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.

The Associated Press on MSN · 2d

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.

Reuters on MSN · 2d

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 the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy merchant bank Mediobanca.

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 ...

2d

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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