A share price is growing after a takeover bid – a picture quite usual at the markets. But a doubling of the rate is very rare. It happens today with Kas Bank shares, which has gone from six to more than twelve euros.
The Amsterdam company is taken over by Caceis, a subsidiary of the French bank Crédit Agricole. They offer € 12.75 per share, 110% more than the closing price of Friday night. The share of Kas Bank is just below that takeover bid Monday morning at € 12.36. That is still a price increase of 104%, or a large doubling.
The current price is not even the highest that Kas Bank has ever achieved. In 2015 the share already stood at € 13.13.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]