EFG International Shares Rise Amid Julius Baer Takeover Talk -- Market Talk

Dow Jones06-06

1236 GMT - Swiss private bank EFG International's shares rise on renewed speculation that larger peer Julius Baer could make a takeover bid. A report from website Inside Paradeplatz pointed to rumors that a CHF4.5 billion shares-and-cash deal could be announced on Friday after market close, making shares move, according to several analysts. Talks about a potential combination between the two groups are said to have been held in recent weeks and then called off, according to earlier reports from late May. Julius Baer and EFG International declined to comment. Julius Baer shares were down 6.4% while EFG's traded 6.4% higher--having risen as high as 10.3% earlier in the session. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 06, 2024 08:36 ET (12:36 GMT)

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A report from website Inside Paradeplatz pointed to rumors ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2441152719","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441152719","pubTimestamp":1717677360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1236 GMT - Swiss private bank EFG International's shares rise on renewed speculation that larger peer Julius Baer could make a takeover bid. 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