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 Intesa Sanpaolo
See all newsBank of Italy vigilant on impact of banking consolidation on corporate credit
Media: Intesa plans risk transfer deal to hedge $6 billion in credits - Bloomberg News
Deutsche Bank AG FF - Post Stabilisation Notice -BPER EUR 4NC3 Green SNP
Intesa CEO takes aim at Italy's plan to hike taxes on financial sector
Italy - Factors to watch on October 19