Deals
An Intesa Offer for Generali Unlikely to Succeed, Analysts Say
Intesa Said to Consider All-Stock Generali Takeover Bid
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An offer by lender Intesa Sanpaolo SpA for Assicurazioni Generali SpA, Italy’s largest insurer, is unlikely to succeed because of competition concerns and the complexity of such a deal, according to analysts.
Generali shares rose 7 percent on Monday on takeover speculation before the company bought a stake in Intesa, Italy’s second-largest bank. The stock boost itself makes a possible deal less likely, Citigroup Inc. analysts said in a note. The company was up a further 8.4 percent at 9:35 a.m in Milan on Tuesday.