锡耶纳牧山银行质疑联合圣保罗银行加价收购仍存不确定性
意大利锡耶纳牧山银行（MPS）10月12日表示，追求者联合圣保罗银行（Intesa Sanpaolo）加价后的收购要约，仍让MPS股东面临多重不确定性，同时迫使他们放弃一个可能的替代方案。MPS董事会当天开会讨论了最新进展。
联合圣保罗银行10月3日承诺，若股东拒绝MPS提出的反收购计划，将额外支付8亿欧元现金；该行正以340亿欧元现金加股票方式收购MPS。MPS首席执行官洛瓦利奥此前呼吁投资者在10月29日投票中支持反收购计划，即便他们之后打算接受联合圣保罗的要约。
在联合圣保罗发出最后通牒后，合计持有MPS约三分之一资本的主要投资者已表示将拒绝防御计划、接受收购要约。这一立场使洛瓦利奥难以在10月29日投票中取得所需的三分之二多数。
MPS称，联合圣保罗要求其股东放弃替代计划，但收购能否按预期推进并产生目标回报并无确定性。这宗交易若成行，将重塑意大利银行业格局。
Monte dei Paschi Says Intesa's Sweetened Bid Still Leaves Shareholders Exposed
Monte dei Paschi di Siena (MPS) said on October 12 that suitor Intesa Sanpaolo's sweetened takeover offer leaves MPS investors exposed to several uncertainties while forcing them to ditch a possible alternative plan. The MPS board met the same day to discuss the latest developments.
Intesa pledged on October 3 to pay MPS shareholders a further 800 million euros in cash provided they reject a counter-plan MPS proposed to fight Intesa's 34 billion euro cash-and-share bid. MPS chief executive Luigi Lovaglio had asked investors to back the counter-plan at an October 29 vote, even if they later intended to accept Intesa's offer.
Following Intesa's ultimatum, leading MPS investors holding in aggregate a third of the bank's capital said they would reject the defence plan and accept the bid. Their stance makes it impossible for Lovaglio to reach the two-thirds majority he needs at the October 29 vote.
MPS said there was no certainty the bid would unfold as expected and produce the targeted returns. A completed deal would reshape Italy's banking sector.
图片来源：图：Banca Monte dei Paschi di Siena. Siena, Italy.JPG，作者：DV，授权：CC BY-SA 3.0，来源：Wikimedia Commons
