Monte dei Paschi di Siena (MPS) received approval from the European Central Bank for its takeover bid of Mediobanca, offering 23 new shares for every ten Mediobanca shares held. The deal, valued at €14.2 billion, faces conditions from the ECB, including a report on control if acceptance is below 50%. Mediobanca previously rejected the bid, calling it destructive, and has launched its own bid for Banca Generali. The situation involves major shareholders and ongoing investigations by the European Commission. Teljes cikk (Euronews.com)