Monte Paschi Investors Reject Banco BPM Bid in Win For Intesa

Banca Monte dei Paschi di Siena SpA’s investors rejected a €25 billion ($27.9 billion) plan to acquire Banco BPM SpA, dealing a major setback to Chief Executive Officer Luigi Lovaglio’s effort to fend off a takeover bid from Intesa Sanpaolo SpA.

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