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 Readies Defenses After Unsolicited Bid by Paschi
Mediobanca SpA’s chief executive officer said a takeover attempt by smaller rival Banca Monte dei Paschi di Siena SpA was unsolicited, as the Italian investment bank prepared to respond and possibly defend itself.
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
Monte dei Paschi di Siena has launched a 13.3 billion euro ($14 billion) all-share buyout offer for merchant bank Mediobanca, just over seven years after Italy rescued the Tuscan bank to avert a wider crisis.
Italy’s Banca Monte dei Paschi Launches $13.9 Billion Bid for Mediobanca
The surprise move is the latest amid a wave of consolidation in the country’s banking industry in recent months and would create Italy’s third-largest entity in the sector.
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.
Italy to support Paschi’s bid to takeover Mediobanca, Bloomberg says
Italy will support Banca Monte dei Paschi Siena’s (BMDPF) bid to take over Mediobanca (MDIBY), believing a successful move would benefit the
Italy's Mediobanca, Monte dei Paschi extend losses after MPS surprise bid on merchant bank
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.
Bailed-out Monte dei Paschi launches bid to acquire Mediobanca
Bailed-out lender Monte dei Paschi di Siena has today launched a €13.3 billion all-share buyout offer for Mediobanca MDBI.MI, in the latest surprise twist of a complex Italian banking saga.
Monte dei Paschi shares fall 6% 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.
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
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Banca Monte dei Paschi di Siena SpA
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 ...
Banca Monte dei Paschi di Siena SPA (0RK6) Receives a Rating Update from a Top Analyst
Barclays analyst Paola Sabbione maintained a Buy rating on Banca Monte dei Paschi di Siena SPA (0RK6 – Research Report) today. The company’s ...
Mediobanca Readies Its Defenses After Unsolicited Bid by Paschi
Mediobanca SpA’s chief executive officer said a takeover attempt by smaller rival Banca Monte dei Paschi di Siena SpA was ...