Paschi Casts Doubts Over Intesa Bid, Suggests Studying BPM Plan

Banca Monte dei Paschi di Siena SpA’s board raised broad concerns over a takeover bid by Intesa Sanpaolo SpA, saying the price offered appears low and relies on optimistic assumptions while exposing shareholders to risks. The board suggested studying a plan from BPM instead, casting doubt on the Intesa bid and signaling potential resistance to the deal.