Italy's MPS says bids for BPM, Banca Generali stand even if Intesa seizes control

Monte dei Paschi di Siena said its two previously announced buyout offers are irrevocable even if rival Intesa Sanpaolo gains control of the bank. The move is part of MPS's defense against Intesa's takeover bid and could complicate the acquirer's post-deal strategy, with implications primarily for the Italian banking sector.