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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.