Paschi Casts Doubts Over Intesa Bid, Suggests Studying BPM Plan

Banca Monte dei Paschi di Siena's board raised concerns over Intesa Sanpaolo's takeover bid.

The price offered by Intesa Sanpaolo appears low and relies on optimistic assumptions.

The bid exposes shareholders to risks, according to Paschi's board.

Paschi suggests studying a plan with BPM instead.