Deals
Generali Jumps on Report Intesa Plans to Mount Takeover Bid
- Generali said to buy Intesa stake as defense; Intesa slides
- Allianz may buy assets to let Intesa bid succeed: Repubblica
Intesa Said to Consider All-Stock Generali Takeover Bid
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Assicurazioni Generali SpA jumped the most since 2010 after a newspaper reported Intesa Sanpaolo SpA is considering an all-stock offer for Italy’s biggest insurer.
A transaction may involve Germany’s Allianz SE, which could buy some of Generali’s assets to allow Intesa’s offer to comply with competition rules, la Repubblica reported on Tuesday. Generali’s own purchase of 3 percent of Intesa, announced Monday, was a defensive measure, people with knowledge of the matter said.