INTESA RAISES ITS OFFER FOR MONTE DEI PASCHI
The revised offer adds 800 million euros in cash and a condition that could make it withdrawn.
In a corporate purchase, the announced value may refer to capital, enterprise value or a combination of cash and shares. Comparing headlines without clarifying the metric is misleading.
Intesa and Monte dei Paschi. Reuters reported on Saturday that Intesa raised the price of its MPS proposal and warned it could withdraw the offer. The operation, valued at around 34 billion euros in cash and shares according to the report, faces strategic opposition from the MPS management team and a shareholder vote scheduled for October 29.
Status: offer and approval process pending; It is not a completed acquisition. The next public milestone is the vote announced by the company.
Checklist: price per share, payment method, financing, conditions, regulators, shareholder vote and probable closing date.