Intesa Sanpaolo stock sets MPS offer window from November 24

Intesa Sanpaolo published the offer document and the EU follow-on prospectus for its voluntary public tender and exchange offer for Banca Monte dei Paschi di Siena on Tuesday, November 10. The bank said the acceptance period will run from November 24, 2026, through January 22, 2027, unless extended. The timetable gives investors a defined next step in the proposed combination with MPS.

The details were set out in Intesa Sanpaolo's press release. CONSOB approved the offer document and the EU follow-on prospectus on November 8, before the documents were published. The prospectus covers the admission to trading of the new Intesa shares issued to service the offer.

Cash and shares form consideration

Under the published terms, holders who tender one MPS share will receive 1.250 euros in cash and 1.664 newly issued Intesa Sanpaolo shares. The offer covers all MPS ordinary shares, with a maximum of 3,037,594,735 shares subject to the offer after deducting 823,448 MPS shares held by Intesa Sanpaolo as of the offer document date.

The acceptance window opens at 8:30 a.m. Italian time on November 24 and closes at 5:30 p.m. Italian time on January 22. Intesa Sanpaolo said payment is scheduled for January 29, 2027, unless the period is extended. The dates are therefore relevant for MPS shareholders assessing whether and when to tender.

Possible reopening follows settlement

Intesa Sanpaolo also said it would voluntarily apply the provisions for reopening the acceptance period if the relevant requirements are met. Unless the timetable is extended, the possible reopening would cover five trading sessions from February 1 through February 5, 2027. Payment for shares tendered during that period would be scheduled for February 12.

The transaction remains subject to the procedures and restrictions set out in the offer documents. Intesa Sanpaolo stated that the offer is promoted in Italy and that investors should read the offer document and prospectus before assessing the terms.

Share price holds above prior close

Intesa Sanpaolo stock traded at 6.28 euros on Lang & Schwarz at 11:48 CET on Friday, November 13, 2026, 0.48 percent above the Xetra close of Thursday, November 12. The comparison uses the prior Xetra session because the current quote was recorded before the same day's Xetra close.

The broader Italian market context is available in the FTSE MIB market overview.

For further coverage, see More news and analyses on Intesa Sanpaolo stock.