International Companies
Mediobanca rejects €13bn takeover offer from Monte dei Paschi
By Benjamin Chiou
Date: Tuesday 28 Jan 2025
(Sharecast News) - Italian investment bank Mediobanca has rejected a takeover bid from state-backed Banca Monte dei Paschi, saying the deal would be "strongly destructive of value".
Friday's offer from MPS valued Mediobanca at €15.992 per share, equivalent to €13.3bn, a 5% premium to the stock's closing price the day before.
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