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<a href="http://www.accessmylibrary.com/coms2/summary_0286-18737183_ITM" title="Facts and information about Sanpaolo, Banca Intesa bring forward board merger clearance to Friday - report.">Sanpaolo, Banca Intesa bring forward board merger clearance to Friday - report.</a>
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Sanpaolo, Banca Intesa bring forward board merger clearance to Friday - report.
(From AFX Europe (Focus))
MILAN (AFX) - Sanpaolo IMI SpA and Banca Intesa SpA have decided to bring forward to Friday board meetings to clear their planned merger, the daily Libero said without giving a source.
The meetings had been planned for mid-October.
The move is aimed at stifling protest by some of Sanpaolo's main shareholders against the proposed share swap rate of 3.115 Banca Intesa shares for every Sanpaolo share, according to the newspaper.
Last month, Fabio Roversi Monaco, president of the Carisbo foundation, which owns 5.5 pct of Sanpaolo, criticised the equity swap ratio and the ...
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