Glass Lewis advises MPS holders to oppose Banco BPM and Banca Generali bids
Proxy adviser Glass Lewis urges Monte dei Paschi shareholders to reject offers for Banco BPM and Banca Generali before the October 29 meeting.
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what happened
Proxy adviser Glass Lewis said on Wednesday that shareholders of Banca Monte dei Paschi di Siena (MPS) should vote against the proposed acquisitions of Banco BPM and Banca Generali.
The shareholder meeting is scheduled for October 29, according to Newsmetry API. The recommendation concerns how holders should decide on both proposals.
why it matters
Proxy advisers' recommendations can weigh on how large institutional investors vote, so the October 29 outcome could matter for MPS, Banco BPM and Banca Generali shares. The report does not state the final vote result.
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sources
- MPS shareholders should reject bids for Banco BPM, Banca Generali, Glass Lewis says — Newsmetry API, 14 October 2026 at 09:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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