(Bloomberg) -- Shares in Looser Holding AG rose as much as 26 percent after AFG Arbonia-Forster Holding AG announced a tender offer valuing the company at 511 million francs ($524 million). With the offer representing a 39 premium to Wednesday's close, “the business addition does not come at a cheap price,” said Christian Arnold, an analyst at Vontobel. AFG fell as much as 14 percent.
To contact the reporter on this story: Zoe Schneeweiss in Zurich at zschneeweiss@bloomberg.net. To contact the editors responsible for this story: Albertina Torsoli at atorsoli@bloomberg.net.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
