Mergers and Acquisitions

Markets

Italy to nationalize bank, shed $32.5B in bad loans

Troubled Italian bank Monte dei Paschi di Siena's relaunch plan includes the disposal of 28.6 billion euros ($32.5 billion) in bad loans, key to the European Commission's approved plan for the Italian government to take temporary control of the bank.

Markets

Vantiv offers deal for Worldpay valued at $10 billion

Vantiv Inc., a major U.S. credit-card processor, has made an offer valuing U.K. payments group Worldpay Group Inc. at $10 billon, potentially beating out rival bidder J.P. Morgan Chase & Co.  Worldpay said in a statement Wednesday that it had agreed a deal in principle with Vantiv.

Markets

Vantiv offers deal for Worldpay valued at $10 billion

Vantiv Inc., a major U.S. credit-card processor, has made an offer valuing U.K. payments group Worldpay Group Inc. at $10 billon, potentially beating out rival bidder J.P. Morgan Chase & Co.  Worldpay said in a statement Wednesday that it had agreed a deal in principle with Vantiv.