Intesa Sanpaolo Sweetens Bid For Monte dei Paschi di Siena
Intesa Sanpaolo has sweetened its €34 billion ($38 billion) share-and-cash bid for Monte dei Paschi di Siena, winning the backing of its target's main investor. The bid by Italy's largest lender for the country's biggest mid-sized bank has stirred competition concerns.
Italy’s Intesa Sanpaolo has sweetened its €34 billion ($38 billion) share-and-cash bid for Monte dei Paschi di Siena MIL:BMPS and won backing from the target’s main investor. The bid by Italy’s biggest lender for the country’s largest mid-sized bank has stirred competition concerns.