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FINANCIALS: Mediobanca rejects monte takeover bid

FINANCIALS

"*MEDIOBANCA REJECTS MONTE PASCHI TAKEOVER BID" - bbg

This seemed reasonably likely following the headlines right after the event, and given the relative sizes of the two institutions. I suspect some analysts would have imagined a Mediobanca offer for Monte to possible, but since management have now said this would be value destructive, it looks unlikely.

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"*MEDIOBANCA REJECTS MONTE PASCHI TAKEOVER BID" - bbg

This seemed reasonably likely following the headlines right after the event, and given the relative sizes of the two institutions. I suspect some analysts would have imagined a Mediobanca offer for Monte to possible, but since management have now said this would be value destructive, it looks unlikely.