Bang & Olufsen stock climbs on Chinese suitor news

Bang & Olufsen shares soared after the identity of its Chinese suitor became clearer, and a Danish newspaper reported the offer topped yesterday’s closing price by 25%.

The shares gained 9.6% at one stage, in Copenhagen, valuing the Danish maker of high-end home electronics at about 3.2bn kroner (€429m).

The potential offer is 85 kroner a share, the Berlingske newspaper reported.