the person said, asking not to be named discussing private information. Representatives for Mediobanca and Monte Paschi declined to comment.

Monte Paschi is offering 23 new shares of Monte Paschi for every 10 in Mediobanca, according to a press release on Friday that confirmed an earlier Bloomberg report. That values the bank at €15. ...

(Bloomberg) -- Mediobanca SpA has rejected Banca Monte dei Paschi di Siena SpA’s takeover bid, turning the unsolicited approach into a hostile one. The takeover offer presented by Monte Paschi ...

Monte Paschi, Italy's oldest bank, has a market capitalization of about 9 billion euros, while Mediobanca’s market value is about 12.7 billion euros. Under the terms of the offer, 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 ...