Events have moved rapidly as far as Paris-based Oddo et Cie’s bid for Brussels-based BHF Kleinwort Benson (BHFKB), an Anglo-German banking group is concerned, since thewealthnet last covered developments (see thewealthnet 07/01/2016).

Oddo published its formal offer document, or prospectus, on 26 January. BHFKB published its formal response on the same day.

This recommended that shareholders accept Oddo’s offer of EUR 5.75 a share, which values BHFKB at EUR 760 million, or 2.23 times the EUR 334.6 million of operating in...