Rothschild & Co (ROTH.FR) shares jumped over 17.0% on Monday on news that Concordia, the holding company of the powerful Rothschild family and Rothschild & Co's largest shareholder, announced that it planned to issue an offer for the remaining shares of the financial services group at €48.0 per share with dividends attached and eventually taken the company off the Paris stock exchange
The Rothschild family currently owns 38.9% of the firm’s shares and 47.5% of the voting rights.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ"Each of the businesses is better assessed on the basis of their long-term performance rather than short-term earnings. This makes private ownership of the group more appropriate than a public listing," Concordia wrote.
Under the proposal, shareholders would also receive an ordinary dividend of €1.4 per share, and a potential "exceptional distribution" of €8.0 per share should the offer be filed.
Rothschild & Co (ROTH.FR) stock launched today's session with a massive bullish price gap and hit a new all-time high at €47.50, slightly below the simplified tender offer at €48.00. Source: xStation5
