manager magazin / dpa
E.ON is putting together a team of banks and lawyers to support the utility in case of a hostile takeover attempt, according to a report by news agency dpa carried by website manager magazine. A company spokesperson said a “defence mandate” of this kind was standard procedure for listed companies. The news report says E.ON could have become relatively easy prey for hedge funds, because its market capitalisation has shrunk to 12 billion euros.
Read the article in German here.