Italian bank Monte dei Paschi di Siena has launched a bid for larger rival Mediobanca in a potential 13.3 billion euro deal to reshape the country’s banking sector, with a premium offer valued at 15.992 euros per share. The move aims to create a new national champion in the Italian banking sector, bringing together strengths in retail, commercial, private banking, and wealth management, with expected yearly pre-tax synergies of 700 million euros. Despite concerns and potential dis-synergies, the bid is seen as a strategic move following Monte dei Paschi’s recovery and recent stake acquisitions by major shareholders, positioning it to compete with Intesa Sanpaolo and UniCredit.
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Father jumps from Disney cruise to save child who fell overboard
A father jumped into the ocean to save his daughter after she fell from a Disney cruise ship's fourth deck while it was returning from the Bahamas to Florida. Both were rescued after treading water for about 10 minutes, with the ship's crew swiftly deploying a rescue boat; Disney confirmed their safe recovery, noting the rarity of such overboard incidents. Explain It To Me Like I'm 5: A dad jumped into the ocean to save...
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