Defensive Move: Mediobanca Pledges $5.74 Billion Return to Counter MPS Takeover
Mediobanca just made a big move. The Italian bank announced it will return $5.74 billion to its shareholders over the next few years. That’s not just good news for investors, it’s a smart defensive play. Why? Because there’s talk that Monte dei Paschi di Siena (MPS), another Italian bank, could be a takeover target.
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