Details on Potential Julius Baer-EFG International Deal Add Weight -- Market Talk

Dow Jones06-06

1336 GMT - Extra details surrounding a potential Julius Baer takeover of peer EFG International add weight to the story, Citi says in a note after a report that the Swiss private bank could announce a merger offer at CHF15 a EFG share as soon as Friday. The news sent Julius Baer's shares 6.7% lower while EFG's stock rose as much as 10%. "If true, we understand the stock reactions, particularly for [Julius Baer ], as in our view deal merger math does not appear attractive," analyst Nicholas Herman writes. The deal would also have significant execution risk, he adds, referring to differences in corporate culture and compensation models. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 06, 2024 09:36 ET (13:36 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2441176677?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-06 21:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2441176677","market":"sg","top_or_hot":-1,"title":"Details on Potential Julius Baer-EFG International Deal Add Weight -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1336 GMT - Extra details surrounding a potential Julius Baer takeover of peer EFG International add weight to the story, Citi says in a note after a report that the Swiss private bank could announce a merger offer at CHF15 a EFG share as soon as Friday. The news sent Julius Baer's shares 6.7% lower while EFG's stock rose as much as 10%. \"If true, we understand the stock reactions, particularly for [Julius Baer ], as in our view deal merger math does not appear attractive,\" analyst Nicholas Herman writes. The deal would also have significant execution risk, he adds, referring to differences in corporate culture and compensation models. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 06, 2024 09:36 ET (13:36 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Details on Potential Julius Baer-EFG International Deal Add Weight -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDetails on Potential Julius Baer-EFG International Deal Add Weight -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-06 21:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1336 GMT - Extra details surrounding a potential Julius Baer takeover of peer EFG International add weight to the story, Citi says in a note after a report that the Swiss private bank could announce a...</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":"EFG","symbol_name":"iShares MSCI Growth Index Fund","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2441176677","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441176677","pubTimestamp":1717680960,"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":"1336 GMT - Extra details surrounding a potential Julius Baer takeover of peer EFG International add weight to the story, Citi says in a note after a report that the Swiss private bank could announce a merger offer at CHF15 a EFG share as soon as Friday. The news sent Julius Baer's shares 6.7% lower while EFG's stock rose as much as 10%. \"If true, we understand the stock reactions, particularly for [Julius Baer ], as in our view deal merger math does not appear attractive,\" analyst Nicholas Herman writes. The deal would also have significant execution risk, he adds, referring to differences in corporate culture and compensation models. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EFG":"iShares MSCI Growth Index Fund","BK4585":"ETF&股票定投概念","JBAXY":"Julius Baer Group Ltd.","BK4588":"碎股","BK4135":"资产管理与托管银行"},"translate_title":"瑞士宝盛与EFG International潜在交易的细节增加了分量——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EFG":1,"JBAXY":0.9},"content_text":"1336 GMT - Extra details surrounding a potential Julius Baer takeover of peer EFG International add weight to the story, Citi says in a note after a report that the Swiss private bank could announce a merger offer at CHF15 a EFG share as soon as Friday. The news sent Julius Baer's shares 6.7% lower while EFG's stock rose as much as 10%. \"If true, we understand the stock reactions, particularly for [Julius Baer ], as in our view deal merger math does not appear attractive,\" analyst Nicholas Herman writes. The deal would also have significant execution risk, he adds, referring to differences in corporate culture and compensation models. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 06, 2024 09:36 ET (13:36 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2441176677"}