Banca Monte dei Paschi di Siena launched a surprise $14 billion-takeover offer for its peer in January.

Banca Monte dei Paschi di Siena SpA’s shareholders authorized Chief Executive Officer Luigi Lovaglio to go ahead with his bid for rival Mediobanca SpA, taking him a big step closer to his goal.

Monte dei Paschi di Siena expects to launch its 12.5 billion euro ($14 billion) takeover offer for Mediobanca in the summer, after securing shareholder approval on Thursday for the hostile bid.

(Bloomberg) — Investors owning 74% of Banca Monte dei Paschi di Siena SpA convened Thursday, putting Chief Executive Officer Luigi Lovaglio on track to go ahead with his bid for rival Mediobanca SpA.

Banca Monte dei Paschi di Siena ha comunicato che la Presidenza del Consiglio dei Ministri ha deliberato di non esercitare i poteri speciali, noti come "golden power", sull'offerta pubblica di ...

Investing.com -- Italy’s Banca Monte dei Paschi di Siena (MPS) announced it has received the green light from the Italian government to proceed with its $14 billion takeover of peer Mediobanca ...

Investing.com -- Italy’s Banca Monte dei Paschi di Siena (MPS) announced it has received the green light from the Italian government to proceed with its $14 billion takeover of peer Mediobanca ...