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Krugman also adds that any government takeover will be "temporary".
The takeover will be Richline's fifth such deal this year, as it looks to expand its presence in Italy.
If it does, and if the government demands remedies, the logic of the HBOS takeover will be further undermined.
That will allow Mr Pinault's PPR to make a full bid for Gucci, though any takeover will be checked by strict limits on PPR's future boardroom control.
Sanofi-Aventis, the drug maker, said shareholders approved the last step of its merger with Aventis and the takeover will be complete on Jan.1.
"The probability that the takeover will be approved by the other authorities is quite high," said Patrizio Pazzaglia, an investment director at Bank Insinger de Beaufort, which oversees about $330 million in assets.
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Her final novel, "The Sybil in Her Grave," which deals with insider stock trading and corporate takeovers, will be published in June by Delacorte Press.
Hands made his name in the 1990s with deals such as the £690m acquisition of rolling stock business Angel Trains, subsequently sold at a £390m profit, and he signalled to the City that future takeovers will be in a similar €250m (£219m)-€350m bracket.
TAKEOVER DEFENSES: The proper balance of takeover defenses will be a topic at Tulane.
If legislation is passed exposing the banche popolari to takeover, they will be prey.
Rangers chairman Alastair Johnston claims Craig Whyte's takeover bid will be resolved "one way or another" in the next 48 hours.
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