'No scandal' if Italy revises rules for mandatory bids, Treasury junior minister says

There would be no reason for protest if the Italian government reviews the ownership thresholds triggering mandatory takeover bids for public companies, Treasury Junior Minister Federico Freni said on Monday. Reuters reported last month that Rome was considering changing rules for mandatory bids, with sources saying the current 25% level envisaged for large firms would likely be raised. "If someone asked me if I would change the (25%) threshold, it would not seem so shocking to me," Freni told reporters on the sidelines of an event in Milan.