Intesa Sanpaolo wins support for improved €35 billion MPS bid
Intesa Sanpaolo has secured the support of Monte dei Paschi di Siena's largest shareholder for its sweetened takeover offer.
Intesa Sanpaolo MILSEDEX:I05808 has scored a key win in its bid for Monte dei Paschi di Siena (MPS) MIL:BMPS after securing backing from the target’s largest shareholder for an improved takeover offer. Intesa’s €35 billion ($39 billion) offer for MPS is the latest step in the deal process.