Banca Monte dei Paschi di Siena SpA is set to take its hostile takeover offer for Mediobanca SpA to shareholders later this month, after the bid to create Italy’s third-largest bank received regulatory approval.
Italy’s market watchdog gave its greenlight to Monte Paschi’s offer document, the last step needed to go ahead with the deal, the Siena-based bank said on Wednesday. The tender period will start at 8:30 a.m. local time on July 14 and run until 5:30 p.m. on Sept. 8.
Paschi also received the unconditional approval for the bid from the Italian Competition and Market Authority, according to ...
