Endesa Drops Lawsuit Related To Takeover Bid

Law360, New York (May 15, 2006, 12:00 AM EDT) -- In the latest development in Endesa SA’s campaign to thwart a hostile takeover attempt by Gas Natural SGD SA, the Spanish electricity provider has agreed to a dismiss the lawsuit it filed in a federal court in New York against Gas Natural.

Endesa’s attorneys filed a notice to formally end the lawsuit “without prejudice,” although, according to a filing with the U.S. Securities and Exchange Commission, Endesa has reserved the right to refile the charges against Gas Natural, and bring similar actions against Gas Natural’s subsidiaries...
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