Mediobanca's Banca Generali Bid Supported by Proxy ISS -- Market Talk

Dow Jones

May 28, 2025

1526 GMT - Mediobanca's bid for Banca Generali is supported by a sound rationale, proxy advisory firm Institutional Shareholder Services says in a report. Given that Mediobanca is itself under offer from Monte dei Paschi, the Italian bank is subject to the passivity rule. Mediobanca needs shareholder approval for the proposed acquisition of the private banking arm of Assicurazioni Generali, which it intends to fund through the reallocation of the stake it owns in the Italian insurer. ISS recommends that Mediobanca shareholders vote in favor of the deal at its meeting on June 16, though it cautions that the full information on the exchange offer is yet to be published and that significant uncertainty exists over its successful close. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

May 28, 2025 11:26 ET (15:26 GMT)

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Given that Mediobanca is itself under offer from Monte dei Paschi, the Italian bank is subject to the passivity rule. Mediobanca needs shareholder approval for the proposed acquisition of the private banking arm of Assicurazioni Generali, which it intends to fund through the reallocation of the stake it owns in the Italian insurer. ISS recommends that Mediobanca shareholders vote in favor of the deal at its meeting on June 16, though it cautions that the full information on the exchange offer is yet to be published and that significant uncertainty exists over its successful close. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2025 11:26 ET (15:26 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>Mediobanca's Banca Generali Bid Supported by Proxy ISS -- 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\">\nMediobanca's Banca Generali Bid Supported by Proxy ISS -- 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\">2025-05-28 23:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1526 GMT - Mediobanca's bid for Banca Generali is supported by a sound rationale, proxy advisory firm Institutional Shareholder Services says in a report. Given that Mediobanca is itself under offer from Monte dei Paschi, the Italian bank is subject to the passivity rule. Mediobanca needs shareholder approval for the proposed acquisition of the private banking arm of Assicurazioni Generali, which it intends to fund through the reallocation of the stake it owns in the Italian insurer. ISS recommends that Mediobanca shareholders vote in favor of the deal at its meeting on June 16, though it cautions that the full information on the exchange offer is yet to be published and that significant uncertainty exists over its successful close. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2025 11:26 ET (15:26 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":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538477143","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538477143","pubTimestamp":1748445960,"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":"1526 GMT - Mediobanca's bid for Banca Generali is supported by a sound rationale, proxy advisory firm Institutional Shareholder Services says in a report. Given that Mediobanca is itself under offer from Monte dei Paschi, the Italian bank is subject to the passivity rule. Mediobanca needs shareholder approval for the proposed acquisition of the private banking arm of Assicurazioni Generali, which it intends to fund through the reallocation of the stake it owns in the Italian insurer. ISS recommends that Mediobanca shareholders vote in favor of the deal at its meeting on June 16, though it cautions that the full information on the exchange offer is yet to be published and that significant uncertainty exists over its successful close. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","MDIBY":"MedioBanca SpA"},"translate_title":"Mediobanca对Banca Generali的收购得到代理ISS的支持——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIBY":0.9},"content_text":"1526 GMT - Mediobanca's bid for Banca Generali is supported by a sound rationale, proxy advisory firm Institutional Shareholder Services says in a report. Given that Mediobanca is itself under offer from Monte dei Paschi, the Italian bank is subject to the passivity rule. Mediobanca needs shareholder approval for the proposed acquisition of the private banking arm of Assicurazioni Generali, which it intends to fund through the reallocation of the stake it owns in the Italian insurer. ISS recommends that Mediobanca shareholders vote in favor of the deal at its meeting on June 16, though it cautions that the full information on the exchange offer is yet to be published and that significant uncertainty exists over its successful close. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 28, 2025 11:26 ET (15:26 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"}}}