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RADAR BRIEF · 0/100

Intesa Sanpaolo raises its cash offer for MPS by 25 cents

Intesa Sanpaolo has increased its cash offer for MPS by 25 cents and said the October 29 shareholders’ meeting will be a “referendum.”

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What is happening

The source reports that Intesa Sanpaolo’s board is considering withdrawing the offer if even one of the three points in Luigi Lovaglio’s plan is approved at the MPS meeting.

Why is it on the Radar?

The outcome of the October 29 meeting could affect whether Intesa Sanpaolo’s offer for MPS remains in place.

Sources and timeline