ROME, April 5 An Italian government measure
aimed at defending companies from hostile takeovers will be
presented as a government amendment to a broader bill on
competition policy, a senator from the ruling Democratic Party
said on Wednesday.
The government is expected to put the bill to a confidence
vote but not date has yet been set, Salvatore Tomaselli told
The measure envisages that, to increase transparency, once
investors have increased their stake above certain thresholds,
they may be forced to state their final objectives.
The government initiative follows aggressive stakebuilding
by French media group Vivendi, which has sharply
increased its holding in Italian broadcaster Mediaset.
(Reporting by Massimiliano Di Giorgio, writing by Gavin Jones)