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