MPS: even if the Isp public takeover bid is successful, the public takeover bids for BPM and Banca Generali remain valid
(Il Sole 24 Ore Radiocor) - Monte dei Paschi, at Consob’s request, has clarified that even if the Intesa OPAS were to be successfully concluded and the resulting change of control were to take place, the two OPS launched by Siena on Banco BPM and Banca Generali would remain valid. “Assuming that all the conditions of the ISP Offer have been fulfilled – or waived, where possible – and that the ISP Offer has been concluded and settled prior to the date of conclusion of the Offers, the completion of the ISP Offer and any consequent change in control of BMps would not, in themselves, result in the lapse, invalidity or the right to revoke the Offers launched by BMps; in respect of which the conditions for validity set out in the Offers launched by BMps and the related rights of withdrawal or amendment provided for therein would remain unaffected, within the limits permitted by the terms of the Offers themselves and by applicable legislation, as well as the prerogatives of the supervisory authorities”, Mps states in a note.
com-Amm
