Monte dei Paschi board approves bids for Banco BPM, Banca Generali in defensive move, source says
Monte dei Paschi board approves bids for Banco BPM, Banca Generali in defensive move, source says MILAN, Aug 20 (Reuters) - The board of Monte dei Paschi di Siena BMPS.MI approved on Thursday bids for rival Banco BPM >BAMI.MI> and for wealth manager Banca Generali BGN.MI in a defensive move against an unsolicited takeover approach from Intesa Sanpaolo ISP.MI, a source said.
(Reporting by Giulio Piovaccari, editing by Gavin Jones)
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