Paschi Casts Doubts Over Intesa Bid, Suggests Studying BPM Plan
Banca Monte dei Paschi di Siena SpA’s board of directors raised broad concerns over a takeover bid by Intesa Sanpaolo SpA, saying the price offered appears low and that it...
By Sonia Sirletti · Bloomberg Markets
Banca Monte dei Paschi di Siena SpA’s board of directors raised broad concerns over a takeover bid by Intesa Sanpaolo SpA, saying the price offered appears low and that it relies on optimistic assumptions while exposing shareholders to risks.