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World’s Oldest Bank Joins Rush to Consolidate European Lending
Italy’s Monte dei Paschi launched a near-$14 billion offer to buy counterpart Mediobanca, a fresh twist in the consolidation of the country’s crowded banking market. The unsolicited approach ...
NBC New York27d
Italy's Monte dei Paschi launches surprise 13-billion-euro bid for larger peer Mediobanca
Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca's stock at roughly €15.992 each, a 5% premium to the close price of Jan. 23. Monte dei Paschi ...
Bloomberg L.P.27d
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 nationalization. So when Paschi announced an unsolicited €13.4 billion ...
Yahoo Finance27d
Paschi’s €13 Billion Mediobanca Bid Adds Twist to Italian Saga
(Bloomberg) -- 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 ...
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Monte dei Paschi shares fall 7% after lender launches surprise 13-billion-euro bid for Mediobanca
Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca's stock at roughly €15.992 each, a 5% premium to the close price of Jan. 23. Monte dei Paschi ...
ABC News27d
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 ...
Mint27d
Paschi Makes Surprise €13 Billion Share Offer for Mediobanca
Banca Monte dei Paschi di Siena SpA offered to acquire larger rival Mediobanca SpA in a €13.3 billion all-share deal, the latest unexpected twist in a series of takeover attempts involving Italy ...
Reuters27d
Monte dei Paschi launches $13.9 billion takeover bid for Mediobanca
comes after previous attempts to return Monte dei Paschi (MPS) to the private sector failed. Having spent 5.4 billion euros in 2017 to rescue MPS and avert a wider crisis, Italy had said its ...
U.S. News & World Report23d
Mediobanca Rejects Monte Dei Paschi Bid as Lacking Rationale
MILAN (Reuters) -Italian bank Mediobanca on Tuesday rejected a takeover offer by state-backed rival Monte dei Paschi di Siena, saying a tie-up would be detrimental to its shareholders because it ...
Wall Street Journal23d
Monte Dei Paschi’s Surprise Bid for Mediobanca Fails to Convince Investors
Italy’s Banca Monte dei Paschi di Siena’sBMPS1.64%increase; green up pointing triangle surprise buyout offer for peer Mediobanca MB 1.14%increase; green up pointing triangle on Friday garnered ...
Yahoo Finance27d
Italy's Monte dei Paschi bids 13.3 bn euros for Mediobanca
The world's oldest bank, Monte dei Paschi (MPS) said the buyout offer for Mediobanca was valued at 15.992 euros per share, a premium of 5.03 percent over Thursday's closing price. Mediobanca ...