MPS Shares Surge After Intesa Launches €30.6 Billion Offer
Banca Monte dei Paschi di Siena shares surged in Milan on Monday after Intesa Sanpaolo dropped an unsolicited €30.6 billion bid, disrupting Banco BPM’s own talks over a merger with the bank. The stock sat at 9.921 euros, up 10.91%, at 11:03 a.m. local in regular Euronext Milan trading. Borsa Italiana holds continuous trading from 0900 to 1730, with no closure for the cash market on June 8 according to its 2026 calendar.