CONSOB

Money Moves

Approved the offer document, clearing the tender to launch

Tata Motors' reopened tender closed on November 6 with holders of another 6.75% of Iveco accepting, lifting its stake to about 96.29% of the common shares, net of treasury stock. Tata will pay for those shares on November 13 and says it will start a Dutch legal squeeze-out to buy out the rest.

Updated 4 days ago

Money Moves

Must approve the offer document before the tender phase

Monte dei Paschi di Siena shareholders rejected CEO Luigi Lovaglio's defense plan on October 29, clearing the way for Intesa Sanpaolo's €33 billion takeover of the world's oldest bank. About 91% of votes cast opposed the rival offers for Banco BPM and Banca Generali.

Updated Nov 3