BusinessIntesa Sanpaolo Offer for Paschi to Lapse if Rival Bids Supported
Intesa Sanpaolo SpA announced that its offer for Banca Monte dei Paschi di Siena SpA will expire if Paschi shareholders approve rival bids for Banco BPM SpA and Banca Generali SpA at the October 29 meeting. This condition links the fate of Intesa's bid to the shareholders' decisions on competing proposals.
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