Italy’s Mediobanca rejects Monte dei Paschi’s takeover bid
Shareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector. “The Offer is devoid of industrial and financial rationale and is therefore destructive for Mediobanca,” the lender said in a statement. The company added that … Read more