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Why did Mediobanca reject Monte dei Paschi’s €13 billion takeover bid?
Monte dei Paschi – the world’s oldest bank last week offered to takeover Mediobanca in a deal that valued each share of the latter at €15.99. Its takeover proposal translated to about a 5% ...
U.S. News & World Report27d
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 ...
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Monte dei Paschi bids for Mediobanca takeover
Monte dei Paschi di Siena (MPS) has made a move in the Italian banking sector by launching a €13.3bn ($14bn) all-share buyout offer for merchant bank Mediobanca reported Reuters. This proposal ...
NBC New York26d
Italy's Mediobanca rejects Monte dei Paschi's ‘destructive' 13-billion-euro takeover bid
Tuscany's bailed-out Monte dei Paschi unexpectedly launched a 13-billion-euro all-share takeover proposal for Mediobanca. Monte dei Paschi, which required state rescue in 2017 after years of ...
Wall Street Journal26d
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 Finance25d
Mediobanca turns down Monte dei Paschi’s $14bn buyout offer
Italian investment bank Mediobanca has dismissed Banca Monte dei Paschi di Siena’s (MPS) takeover proposal, citing lack of industrial and financial rationale. This decision was made following a ...