Paschi, Banco BPM Advisers Working on Deal With Cash Component

Advisers for Banca Monte dei Paschi di Siena SpA and Banco BPM SpA’s are in talks over a possible merger of equals, structured as a mix of shares and cash, as an alternative to Intesa Sanpaolo SpA’s €35 billion ($40 billion) bid for Monte Paschi, according to people familiar…

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