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ROME, April 5 (Reuters) - An Italian government measure aimed at defending companies from hostile takeovers will require disclosure when an investor takes a 10-percent stake in any listed company, according to a draft of the bill.
The measure would require investors who take stakes of more than 10, 20 or 25 percent in listed companies to write a letter of intent describing their objectives for the next six months, according to a draft seen by Reuters.
It has still not been decided whether the measure will be inserted into a larger competition bill, or whether it will be passed separately, Industry Minister Carlo Calenda told reporters.
Reporting by Giuseppe Fonte, writing by Steve Scherer