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.
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Intesa Sanpaolo Sweetens Monte dei Paschi Bid, Gains Investor Support
Intesa Sanpaolo has increased its offer for Monte dei Paschi di Siena, now a €34 billion ($38 billion) share-and-cash bid, and secured the backing of the target's primary investor. The move by Italy's largest lender aims to acquire the country's largest mid-sized bank.
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.