Monte dei Paschi di Siena (MPS) relaunched its takeover of Mediobanca on Monday, increasing its offer with a cash component of €0.9 per share and lowering the minimum threshold for the validity of the takeover bid from 66.7% to 35% of shares with voting rights.
This was announced by the Sienese bank on Tuesday, the day after a meeting of its board of directors, putting the historic Milanese institution back at the centre of the financial chronicle after the failure to strengthen it by taking control of Banca Generali.
