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.
ROME (Reuters) - Shares in Italy's Mediobanca and 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 ($13.93 billion) bid on the merchant bank.
Under founder Enrico Cuccia, Mediobanca pulled the strings of Italian post-war finance. Now it is under siege, with former bailout victim Banca Monte dei Paschi di Siena on Friday launching a hostile,
MPS struggled to sell shares at 2 euros each back then. MPS stock traded at 7 euros this week when Lovaglio and his finance chief Andrea Maffezzoni have emerged from two all-nighters that ended in them launching a 13.
ROME (Reuters) - Italy's government gave its backing on Friday to Banca Monte dei Paschi's (MPS) bid for merchant bank Mediobanca, as the proposed deal may strengthen the country's banking system and its broader economy.
Now it is under siege, with former bailout victim Banca Monte dei Paschi di Siena on Friday launching a hostile, 13.3 billion euro all-share bid. True to Mediobanca’s heritage, a deal may suit ...
Italian lender Banca Monte dei Paschi di Siena SpA is exploring a potential deal for Mediobanca SpA, people with knowledge of the matter said.Most Read from BloombergWhat Happened to Hanging Out on the Street?
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Monte dei Paschi, Italy’s oldest bank has submitted a takeover bid for giants Mediobanca of around 13 billion euros
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
Italian lender Monte dei Paschi di Siena has announced on Friday it is launching a 13.3 billion euro takeover bid for peer Mediobanca in a surprise move that could reshape the country’s banking sector