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Mediobanca rejects Monte dei Paschi bid

Mediobanca rejects Monte dei Paschi bid as lacking rationale

Italian bank Mediobanca on Tuesday rejected a takeover offer by state-backed rival Monte dei Paschi di Siena , saying a tie-up would be detrimental to its shareholders because it lacked any strategic and financial rationale.

The Wall Street Journal on MSN · 1d

Italy’s Mediobanca Rejects $14 Billion Takeover by Peer Monte Dei Paschi

The board of Mediobanca said Banca Monte dei Paschi di Siena’s offer would destroy value for shareholders of both banks.

Mediobanca rejects MPS takeover bid, calling it ‘destructive of value’

Mediobanca rejected a €7bn takeover bid from MPS, calling it “destructive of value” and warning it would weaken its business model.

2d

Bid discount indicates scepticism over MPS bid for Italian rival Mediobanca

Shares in Monte dei Paschi (MPS) fell again on Monday, extending Friday's losses, signalling lingering investor doubts over ...

2d

Mediobanca Said to Question Strategic Fit, Value of Paschi Deal

Mediobanca SpA sees little merit in a takeover by Banca Monte dei Paschi di Siena SpA because the strategies of the two ...

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