Monte Paschi Investors Reject Banco BPM Bid in Win For Intesa
Banca Monte dei Paschi di Siena SpA’s investors rejected a €25 billion ($27.9 billion) plan to acquire Banco BPM SpA, dealing a major setback to Chief Executive Officer Luigi Lovaglio’s effort to fend off a takeover bid from Intesa Sanpaolo SpA.
<p>Banca Monte dei Paschi di Siena SpA’s investors rejected a €25 billion ($27.9 billion) plan to acquire Banco BPM SpA, dealing a major setback to Chief Executive Officer Luigi Lovaglio’s effort to fend off a takeover bid from Intesa Sanpaolo SpA.</p>