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Italy's Intesa raises MPS takeover offer price and warns it could drop bid
Source: reuters.com
M&A & RestructuringBanking & Liquidity
Intesa Sanpaolo raised its takeover proposal for Monte dei Paschi di Siena, offering MPS shareholders an additional €800 million ($900 million) in cash if they reject MPS's counterproposal. The increased bid signals Intesa's commitment to securing the acquisition and could drive material price action in both Italian bank stocks.
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