Suez prepares defences against Enel assault

French utility Suez, under the threat of takeover from Italian rival Enel, will ask shareholders to approve a poison pill defence next month.

The Wall Street Journal reports that the utility wants the defence measure in place in case Enel launches a hostile bid before Suez completes its own €35.7 ($44bn) merger with Gaz de France. The newspaper cites an unnamed person close to Suez.

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