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Monte dei Paschi Shareholders Reject $40B Takeover Offers

By Drooid · Oct 30, 2026 · How we work

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Italian shareholders of Banca Monte dei Paschi di Siena rejected twin takeover offers.
Around 91% of voters opposed the proposals at Thursday’s meeting.
The rejection clears the path for a sale to Intesa Sanpaolo.
The bids from Banca Generali and Banco BPM were valued near $40 billion.
CEO Luigi Lovaglio launched the bids in August to block Intesa Sanpaolo’s planned takeover.

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Italian shareholders of Banca Monte dei Paschi di Siena rejected twin takeover offers.
Around 91% of voters opposed the proposals at Thursday’s meeting.
The rejection clears the path for a sale to Intesa Sanpaolo.
The bids from Banca Generali and Banco BPM were valued near $40 billion.
CEO Luigi Lovaglio launched the bids in August to block Intesa Sanpaolo’s planned takeover.