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A sealed-bid sale was scheduled, with a minimum price set at $32 million.
The single $472 million bid for that block is far below the $1.3 billion minimum price set by the commission.
Itau paid a 303percentt premium over the minimum price set at an auction, beating bids from two local rivals.
Under the directive, corporate raiders can obtain control only through a public tender offer on all outstanding shares, and they must pay a minimum price set by statute.
It includes feed-in tariffs - a minimum price, set by the government - to encourage renewables, as are being rolled out across the continent because of their undoubted success.
The investigation focused on a policy called "minimum advertised pricing," under which the record labels subsidized advertising for retailers that agreed not to sell CD's below a minimum price set by the labels.
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Scotland is to see the introduction of minimum pricing set at 50p per unit of alcohol, although the European Commission has descried the move as "disproportionate", while it is also being challenged on legal grounds by the Scotch Whisky Association.
Public interest groups said the $4.6 billion minimum auction price set by the F.C.C. might discourage bidders.
Any takeover offer was subject to due diligence of unspecified length, and NYSE Euronext would first have had to sell its European derivatives business, known as Liffe, for a minimum sales price set by Berkshire.
Prices can rise staggeringly from the "guide price" listed in the catalogue, sent out by the auctioneers before the sale, and they have the right to reject the winning bid if it does not meet the minimum "reserve price" set by the seller.
You can buy freehold and there's no limit on the number of properties you can own either, just a minimum purchase price set by the local government (it's $163,500 in Penang).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com