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%.

Bang & Olufsen stock climbs on Chinese suitor news
Thu, 24 Mar, 2016 - 00:00
Craig Trudell and Adam Ewing

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.

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CourtsBang & OlufsenStockPlace: CopenhagenPlace: DenmarkPlace: Hong KongPlace: British Virgin IslandsPlace: EuropePlace: ChinaPerson: Qi JianhongPerson: QiPerson: Ole AndersenPerson: President Xi JinpingOrganisation: Bang & OlufsenOrganisation: Bang &Organisation: BerlingskeOrganisation: B&OOrganisation: Sparkle Roll GroupOrganisation: Sparkle RollOrganisation: Sparkle Roll Group Ltd.Organisation: Sparkle Roll Holdings Ltd.Organisation: Naim AudioOrganisation: Cambridge AudioOrganisation: Hurun ReportOrganisation: BentleysOrganisation: Bugattis
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