Intesa Says Paschi Bid to Lapse If Holders Back Rival Deals

(Bloomberg) -- Intesa Sanpaolo SpA said its offer for Banca Monte dei Paschi di Siena SpA will lapse if Paschi shareholders back either of its proposed bids for Banco BPM SpA and Banca Generali SpA at an Oct. 29 meeting.Intesa also increased the cash component of its offer by 25 euro cents ($0.28) for each Paschi share, conditional on Paschi shareholders rejecting the two transactions proposed by Chief Executive Officer Luigi Lovaglio, the bank said in a statement Saturday. It…