The briefing
Banca Monte dei Paschi di Siena will meet Monday to assess its options after suitor Intesa Sanpaolo pledged to raise the cash component of its €35 billion takeover bid and won support from some key investors. Intesa has said it would increase the cash portion by 25% if MPS shareholders reject the bank’s defense plan.
Original headline
Monte dei Paschi to hold board meeting on M&A situation on Monday