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Intesa Says Paschi Bid to Lapse If Holders Back Rival Deals
Mint 1 hr ago·3 Oct 2026, 8:42 pm
Intesa Sanpaolo said its proposed acquisition of Banca Monte dei Paschi di Siena will be withdrawn if Paschi shareholders vote for either of two competing offers – one for Banco BPM and another for Banca Generali – at the Oct 29 shareholders meeting.
The clause makes the deal conditional on shareholders rejecting those rival bids. If the votes go the other way, Intesa’s offer lapses, leaving Paschi without a buyer and potentially affecting its share price and the broader banking sector.
Investors should watch the outcome of the Oct 29 meeting, any statements from the competing bidders, and any regulatory or shareholder actions that could revive or replace the deal.
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