Two Blokes

Italy's Mediobanca pledges 4.9 billion euro shareholder reward to counter MPS bid

  • click to rate
    Posted by Two Blokes Jun 27 - Filed in Stock - 2 views
    Italy's Mediobanca said on Friday it would offer shareholders rewards worth 4.9 billion euros ($5.73 billion), mostly in cash, over three years to 2028 as it seeks to fend off a hostile bid from smaller rival Banca Monte dei Paschi di Siena (MPS).