Brief: Banca Monte Dei Paschi Di Siena Comments on ISP's Increase Of Cash Component Of Offer To €1.25 Per MPS Share
BRIEF-Banca Monte Dei Paschi Di Siena Comments on ISP's Increase Of Cash Component Of Offer To €1.25 Per MPS Share Oct 12 (Reuters) - Banco BPM SpA BAMI.MI:
ISP INCREASES CASH COMPONENT OF OFFER TO €1.25 PER MPS SHARE
ISP HAS MADE CONTINUATION OF ISP OFFER CONDITIONAL UPON ABANDONMENT OF MPS PROJECT
BOARD BELIEVES PREMIUM COMMUNICATED BY ISP MUST BE ASSESSED TAKING INTO ACCOUNT CHARACTERISTICS OF ISP OFFER
ASKS SHAREHOLDERS TO MAKE DECISION BEFORE PUBLICATION OF ISP OFFER DOCUMENT AND MPS’S ISSUER’S STATEMENT
EVEN AFTER INCREASE OF CASH COMPONENT, CONSIDERATION REMAINS PREDOMINANTLY COMPOSED OF ISP SHARES
Source text: ID:nBIA843F6v
Further company coverage: BAMI.MI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Banca Monte dei Paschi di Siena SpA
See all newsBrief: Credit Agricole: boardroom view of Banco BPM shows merits of Credit Agricole's merger proposal
Brief: Corrected - Unipol sees negative impact of Italian budget law on company of €40-50 mln in 2027
Brief: Unipol sees negative impact of Italian budget law on company of €80-90 mln in 2027, CEO says
Generali's nine-month profit up despite €1.5 billion disaster hit (updated)
Brief: Generali is very happy as Banca Generali shareholder, CFO says