Proxy Advisory Glass Lewis in Favor of Monte Dei Paschi's Mediobanca Bid -- Market Talk

Dow Jones

Apr 04, 2025

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)

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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&amp;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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 09:15 ET (13:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Proxy Advisory Glass Lewis in Favor of Monte Dei Paschi's Mediobanca Bid -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProxy Advisory Glass Lewis in Favor of Monte Dei Paschi's Mediobanca Bid -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-04 21:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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&amp;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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 09:15 ET (13:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MDIBY","symbol_name":"MedioBanca SpA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524204674","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524204674","pubTimestamp":1743772500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 04, 2025 09:15 ET (13:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}