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MPS investors can back defence plan and still accept Intesa's offer, CEO says
Source: reuters.com
M&A & RestructuringBanking & LiquidityManagement & Governance
Monte dei Paschi CEO Luigi Lovaglio urged shareholders to support the bank's defensive strategy against Intesa Sanpaolo's takeover bid, including investors planning to tender shares. The appeal underscores management resistance to the proposed acquisition and creates uncertainty over the transaction's shareholder support and terms.
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