MPS Shareholders Set to Reject CEO’s Defence Plan Against Intesa Bid
Monte dei Paschi di Siena shareholders were expected to vote down CEO Luigi Lovaglio’s defence plan against Intesa Sanpaolo’s €33 billion ($37 billion) takeover offer.
Monte dei Paschi di Siena MIL:BMPS shareholders were set on Thursday to vote down the defence plan CEO Luigi Lovaglio put forward to fend off a €33 billion ($37 billion) takeover offer by Intesa Sanpaolo MILSEDEX:I05808.The plan was expected to be rejected as Intesa has secured the backing of the m…