Original title: Paschi Board Said to Meet to Discuss Raising Mediobanca Bid
Banca Monte dei Paschi di Siena SpA called a board meeting on Monday to decide whether to raise its bid for rival Mediobanca SpA, according to people familiar with the matter who asked not to be identified discussing private information. The bank may choose to add a cash component to the offer, Italian newspaper La Repubblica reported earlier, without saying how it obtained the information. Such a move would be aimed at ensuring that the firm obtains more than 50% of Mediobanca’s shares through its bid, according to the report.