Mediobanca rejects Monte dei Paschi bid as lacking rationale – Yahoo Finance
By Gianluca Semeraro MILAN (Reuters) -Italian bank Mediobanca on Tuesday rejected a takeover offer by state-backed rival Monte dei Paschi di Siena, saying a tie-up would be detrimental to its shareholders because it lacked any strategic and financial rationale. Monte dei Paschi’s (MPS) bid is the latest in a series of Italian banking tussles that