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Banca Monte dei Paschi di Siena S.p.A. (BMDPF)

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7.28

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(0.00%)

At close: March 3 at 3:00:00 PM EST

Mediobanca turns down Monte dei Paschi’s $14bn buyout offer

The board is concerned that the MPS offer could undermine Mediobanca's identity and business profile.

Private Banker International last month

MDIBY

BMPS.MI
Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi

Italian bank Mediobanca on Tuesday rejected a surprise takeover attempt by domestic rival Monte dei Paschi di Siena. Mediobanca said in a statement that the offer “is devoid of industrial and financial rationale.” Monte dei Paschi, Italy’s oldest bank, launched a 13.3 billion-euro ($13.9 billion) takeover bid last week for larger Milan-based peer Mediobanca that aims to reshape the Italian banking sector.

Associated Press Finance last month

MDIBY

BMPS.MI
Mediobanca rejects Monte dei Paschi buyout bid, saying it is "devoid" of rationale

Investing.com - Italian bank Mediobanca (BIT:MDBI) has rejected a takeover bid from peer Banca Monte dei Paschi di Siena (BIT:BMPS), arguing that the offer was "destructive" for its shareholders.

Investing.com last month

MDIBY

BMPS.MI
Bid discount indicates scepticism over MPS bid for Italian rival Mediobanca

MILAN/ROME (Reuters) -The discount to market prices represented by Monte dei Paschi's bid (MPS) for Mediobanca widened further on Monday, signalling deepening investor doubts over the bailed out Tuscan bank's offer for a bigger rival. On Friday, the state-backed lender launched a surprise 13.3 billion euro all-share ($13.9 billion) buyout bid for Mediobanca, whose board meets on Tuesday to start reviewing the offer. Based on Italian rules, the board will be able to give formal advice to shareholders only once the bid's prospectus is public, in a few months' time.

Reuters last month

BMPS.MI

MDIBY
Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca

Italian bank Monte dei Paschi di Siena announced Friday it was launching a 13.3 billion euro ($13.9 billion) takeover bid for larger peer Mediobanca in a surprise move that could reshape the country’s banking sector. Monte Paschi, Italy's oldest bank, has a market capitalization of about 9 billion euros, while Mediobanca’s market value is about 12.7 billion euros. Under the terms of the offer, Mediobanca investors would receive 23 shares in Monte Paschi for every 10 Mediobanca shares they hold.

Associated Press Finance last month

MDIBY

BMPS.MI

CALT.MI
Monte dei Paschi bids for Mediobanca as Italian banking drama escalates

MILAN (Reuters) -State-backed Monte dei Paschi di Siena on Friday joined the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy merchant bank Mediobanca. The takeover offer, which was welcomed by the government but puzzled analysts and investors, comes after previous attempts to return Monte dei Paschi (MPS) to the private sector failed. UniCredit CEO Andrea Orcel ditched a proposed MPS acquisition in 2021 and bid instead in November for Banco BPM, derailing government plans for an MPS-BPM tie-up.

Reuters last month

BMPS.MI

MDIBY
Italy’s Banca Ifis Bids $308.7 Million for Illimity Amid Sector Consolidation

The takeover offer values the specialty lender at around $309 million as banking consolidation in the country heats up.

The Wall Street Journal last month

BNCZF

BMDPF
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ILTY.MI
European bank stock picks for 2025, according to Deutsche Bank

European bank stocks have had a strong year but going into 2025 Deutsche Bank is being more selective with stock picks in the sector.

Yahoo Finance UK 3 months ago

^STOXX

BNPQF

BNPQY
Italy sells 15% stake in Monte dei Paschi stake for $1.16bn

Banco BPM, a major Italian bank, has acquired a 5% stake in MPS, aligning with its strategy while maintaining a standalone approach.

Retail Banker International 3 months ago

BMPS.MI

BAMI.MI
Italy brings on board Banco BPM in $1.2 billion Monte dei Paschi stake sale

ROME (Reuters) -Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena (MPS), bringing on board rival Banco BPM as a shareholder in the Tuscan lender. Banco BPM, Italy's third-largest bank and the Italian Treasury's preferred option as a merger partner for MPS, has taken a 5% stake and said it has no plans to cross the 9.9% ownership threshold in MPS, reiterating its standalone strategy. Banco BPM said the investment was consistent with the buyout offer it launched last week to acquire full control of Anima Holding, a fund manager which also sells its products through MPS branches.

Reuters 3 months ago

BMPS.MI
Banca Monte dei Paschi di Siena (BMDPF) Q3 2024 Earnings Call Highlights: Strong Profit Growth ...

Banca Monte dei Paschi di Siena (BMDPF) reports a 68% increase in net profit for the first nine months, while navigating cost pressures and strategic opportunities.

GuruFocus.com 3 months ago

BMPS.MI
Monte dei Paschi shares drop on reports of new probe into Italy bailout conditions

Investing.com -- Shares in Banca Monte dei Paschi di Siena (BIT:BMPS) slumped by more than 7% on Wednesday on media reports that a judge has asked prosecutors in Milan to investigate allegations of fraud surrounding the lender's 2017 rescue.

Investing.com 8 months ago

BMPS.MI

Performance Overview

Return	BMDPF	FTSE MIB Index
YTD	+19.93%	+14.28%
1-Year	+105.67%	+18.63%
3-Year	+610.32%	+63.07%

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Banca Monte dei Paschi di Siena S.p.A. (BMDPF)

Mediobanca turns down Monte dei Paschi’s $14bn buyout offer

Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi

Mediobanca rejects Monte dei Paschi buyout bid, saying it is "devoid" of rationale

Bid discount indicates scepticism over MPS bid for Italian rival Mediobanca

Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca

Monte dei Paschi bids for Mediobanca as Italian banking drama escalates

Italy’s Banca Ifis Bids $308.7 Million for Illimity Amid Sector Consolidation

European bank stock picks for 2025, according to Deutsche Bank

Italy sells 15% stake in Monte dei Paschi stake for $1.16bn

Italy brings on board Banco BPM in $1.2 billion Monte dei Paschi stake sale

Banca Monte dei Paschi di Siena (BMDPF) Q3 2024 Earnings Call Highlights: Strong Profit Growth ...

Monte dei Paschi shares drop on reports of new probe into Italy bailout conditions

Performance Overview