1314 GMT - Proxy advisory firm Glass Lewis says it issued a positive view on Monte dei Paschi di Siena's hostile takeover offer for peer Mediobanca. Shareholders of Italian bank MPS are set to vote on the board's proposed capital increase for its all-share bid for its larger peer on April 17. "We readily acknowledge that the proposed combination of Mediobanca with MPS carries identifiable execution risks... While this presents a relatively unique challenge in the context of bank mergers, we believe these concerns are manageable with disciplined execution," it says in a report. The successful track record of MPS's CEO in terms of M&A deals helps mitigate some of the risks, it adds. MPS's rationale for the acquisition is coherent and justifies the efforts, Glass Lewis notes.(elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 09:15 ET (13:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。