Monte Dei Paschi Gets Italy’s Green Light for Mediobanca Deal as Top Shareholders Signal Support - WSJ

1. Banca Monte dei Paschi gets Italian government approval for Mediobanca takeover. 2. A $14 billion bid aims to create a diversified banking group. 3. Mediobanca's management opposes the bid, citing value destruction for shareholders. 4. Analysts warn of high execution risk due to differing business models. 5. Shareholder votes vary as proxy advisors issue contrasting recommendations.