Monte dei Paschi launches all-share bids totaling €34.02B to buy Banco BPM and Banca Generali
Banca Monte dei Paschi di Siena said it is launching all-share bids for Italian peers Banco BPM and Banca Generali, valuing the offer at €34.02 billion. It plans to buy up to 1.52 billion Banco BPM shares, offering 1.567 of its shares per Banco BPM share, and 6.958 of its shares for each Banca Generali share.