Now it is under siege, with former bailout victim Banca Monte dei Paschi di Siena on Friday launching a hostile, 13.3 billion euro all-share bid. True to Mediobanca’s heritage, a deal may suit ...

The surprise move is the latest amid a wave of consolidation in the country’s banking industry in recent months and would create Italy’s third-largest entity in the sector.

Mediobanca boccia l’Ops di Mps, giudicata insufficiente con uno sconto dell’11% e un valore di 12,19 miliardi. Mercato e analisti restano freddi

Il fortino di Piazzetta Cuccia è pronto alla battaglia. Oggi, 28 gennaio, il Consiglio di Amministrazione di Mediobanca si riunirà per esaminare l’offerta pubblica di scambio (Ops) da 13,3 miliardi di euro lanciata lo scorso 24 gennaio da Banca Monte dei Paschi di Siena.

Leggi su Sky TG24 l'articolo Mps lancia Ops totalitaria su Mediobanca da 13,3 mld. Fonti: 'Sarà considerata ostile'

On Friday, MPS joined the consolidation wave sweeping Italian banking with a 13.3 billion euro ($13.96 billion) all-share offer to buy Mediobanca, which was welcomed by the Italian government, but puzzled analysts and investors.

Launching an unwelcome takeover of a rival bank used to be a sign of dangerous excess. These days, it seems to be the most logical option available to would-be acquirers. Three bids and one possible approach are currently on the table in Europe,

Milan: Mediobanca s board of directors on Tuesday rejected a 13.3 billion euro takeover bid by smaller rival Monte dei Paschi di Siena (MPS).

Tuscany’s bailed-out Monte dei Paschi had unexpectedly launched a 13-billion-euro all-share takeover proposal for Mediobanca.

Mediobanca SpA has rejected Banca Monte dei Paschi di Siena SpA’s takeover bid, turning the unsolicited approach into a hostile one.

Mediobanca’s board will meet on Tuesday morning to evaluate the unsolicited approach, which has garnered government support but so far failed to win over investors and analysts.