E.On's Endesa Bid Gets OK From Spanish Regulator

Law360, New York (November 17, 2006, 12:00 AM EST) -- Spanish stock market regulator CNMV has finally given the green light to E.On AG's takeover offer for Spanish rival Endesa SA, allowing the German electricity company to officially put its offer on the table for Endesa shareholders.

The regulator’s go-ahead to E.On’s €35-per-share offer, which came on Thursday, was widely expected despite recent calls for further investigation into possible collusion between the energy companies and Deutsche Bank. Last week the government-backed Gas Natural, which is in the midst of legal proceedings against the three companies, said...
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