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Deals Rumor Mill: Intesa, Service King Paint & Body, Cairn

By Benjamin Horney (February 14, 2017, 5:23 PM EST) -- Italian bank Intesa Sanpaolo SpA is mulling a merger with Italian insurance giant Assicurazioni Generali SpA, Bloomberg reported on Tuesday. According to the report, Intesa is in the process of determining how much investor support there would be for such a deal, which would likely include the sale of certain Assicurazioni Generali assets. Intesa will not make a proposal until it knows where shareholders stand, the report said. Assicurazioni Generali has a current market value of about $24.9 billion....

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