Reported 1 day ago
Mediobanca's board is set to meet on Tuesday to review a 13.3 billion euro bid from state-supported Monte dei Paschi di Siena (MPS). Despite the Italian government's support for the all-share deal, analysts find it puzzling. Mediobanca's CEO, Alberto Nagel, clarified that the offer was not approved and they will consider the interests of stakeholders, particularly employees. The offer involves a share exchange ratio that factors in a slight discount due to MPS's recent stock dip.
Source: YAHOO