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Monte dei Paschi, Banco BPM working on deal with cash component, Bloomberg News reports
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Banca Monte dei Paschi di Siena and Banco BPM advisers are exploring a merger involving cash and shares, Bloomberg reports, as an alternative to Intesa Sanpaolo's offer.
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Monte dei Paschi, Banco BPM working on deal with cash component, Bloomberg News reports
Monte dei Paschi, Banco BPM working on deal with cash component, Bloomberg News reports July 27 (Reuters) - Banca Monte dei Paschi di Siena and Banco BPM advisers are exploring a merger that would mix cash and shares as a possible alternative to Intesa Sanpaolo's offer for Monte Paschi, Bloomberg News reported on Monday. The advisers are working on a structure that would leave shareholders with ownership broadly reflecting the two banks’ current valuations, the report said, citing people familiar with the matter. Banca Monte dei Paschi di Siena and Banco BPM declined to comment on the report.
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