11:38 PM EST, 11/08/2026 (MT Newswires) -- Intesa Sanpaolo (ISP.MI) received approval from Italy's market regulator, Consob, for the offer document and prospectus for its public tender and exchange offer for all shares of Italian lender Banca Monte dei Paschi di Siena (BMPS.MI), or MPS. The acceptance period runs from Nov. 24, 2026 to Jan. 22, 2027, unless extended, the Italian bank said Sunday. MPS shareholders who tender their shares will receive 1.250 euros in cash and 1.664 new Intesa shares per MPS share, payable on Jan. 29, 2027. The offer covers up to 3,037,594,735 MPS shares. Intesa will voluntarily reopen the acceptance period from Feb. 1, 2027, to Feb. 5, 2027, if the requirements are met, with payment scheduled to be made on Feb. 12, 2027.

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