Mediobanca’s Failed Banca Generali Bid and Implications for BMPS’ Hostile Offer
After shareholders killed the Generali defence, Mediobanca becomes pure optionality on a BMPS bump. The spread has tightened, but risk/reward...
457 Views
Last Week in Event SPACE: Toyota, Rio Tinto, Hainan Meilan, Fujitsu General
It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...
987 Views
A Wealth of Moves: Mediobanca Bets on Banca Generali Strength to Outflank BMPS
Clean 4.6% gross spread, 9%+ annualized return; hedge via Generali short; low reg risk; key event is 16 June EGM. Main risk: shareholder block via...
510 Views
European Banks: Dividends in a Time of Crisis
The ECB is holding talks with Eurozone lenders with regards to dividends, according to Bloomberg, in order to attempt to preserve capital during...
570 Views