Deals
Spain Plans to Shield Repsol, Iberdrola From Hostile Takeovers
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Spain began moves to tighten takeover laws that could protect its biggest energy companies Repsol SA and Iberdrola SA from hostile bids.
The Senate today will debate two amendments to its company and stock market laws proposed by the ruling People’s Party that will establish a minimum price for distressed targets and give executives more power to control major shareholders.