Monte dei Paschi bids for Mediobanca

Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi
Monte dei Paschi, Italy’s oldest bank, launched a 13.3 billion-euro ($13.9 billion) takeover bid last week for larger Milan-based peer Mediobanca that aims to reshape the Italian banking sector. Monte dei Paschi said that the tie-up would generate 700 million euros ($733 million) a year in pretax synergies, and deliver significant profits.
Monte Dei Paschi’s Surprise Bid for Mediobanca Fails to Convince Investors
Mediobanca’s board will meet on Tuesday morning to evaluate the unsolicited approach, which has garnered government support but so far failed to win over investors and analysts.
Mediobanca rejects Monte dei Paschi bid as lacking rationale
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 lacked any strategic and financial rationale.
Italy's Mediobanca rejects Monte dei Paschi's 'destructive' 13-billion-euro takeover bid
Tuscany's bailed-out Monte dei Paschi had unexpectedly launched a 13-billion-euro all-share takeover proposal for Mediobanca.
Mediobanca Board Rejects Monte Paschi Bid as ‘Destructive’
Mediobanca SpA has rejected Banca Monte dei Paschi di Siena SpA’s takeover bid, turning the unsolicited approach into a hostile one.
Mediobanca rejects Monte dei Paschi’s takeover bid
Milanese lender Mediobanca has rejected a takeover bid from rival Monte dei Paschi di Siena as “contrary to its interests” and value destructive. Mediobanca’s board said in a statement after a meeting on Tuesday that the offer from the partially state-owned Tuscan lender lacked any “industrial and financial rationale”.
Mediobanca Fends Off Monte dei Paschi's Bold Takeover Bid
Mediobanca rejected a 13.3 billion-euro takeover attempt by Monte dei Paschi, citing a lack of industrial logic and potential shareholder value destruction. The bid aimed to create Italy's third-largest bank with significant synergies.
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.
Mediobanca Board Set to Discuss Peer Monte Dei Paschi's $14 Billion Bid
The board of Italy's Mediobanca is set to meet Tuesday to review the almost $14-billion approach made last week by peer Banca Monte dei Paschi di Siena.
Mediobanca Board to Review Monte Paschi’s Offer on Tuesday
Mediobanca SpA’s board plans to meet on Tuesday to review Banca Monte dei Paschi di Siena SpA’s takeover offer, according to people familiar with the matter.
Mediobanca rechaza oferta de Monte Paschi por considerarla “destructiva”
Mediobanca SpA rechazó la oferta de adquisición de Banca Monte dei Paschi di Siena SpA, convirtiendo el acercamiento no ...
Reuters5d
Monte dei Paschi launches $13.9 billion takeover bid for Mediobanca
MPS offers 5% premium in 'friendly' proposal MPS shares plunge 7% Offer for Mediobanca not agreed ... comes after previous attempts to return Monte dei Paschi (MPS) to the private sector ...