Believe shares rally after takeover offer

Believe SA

13/02/2024 08:42

** Shares in Believe  BLV.PA  jump around 19% to 14.76 euros
on Tuesday to nearly two-year high as they resumed trading after
the French digital music company received a takeover offer
    ** The consortium made up of U.S. investment firm TCV,
Swedish private equity group EQT  EQTAB.ST  and Denis
Ladegaillerie - the Chairman and CEO of Believe - offered 15
euros per share, a premium of 21% to the last closing price 
    ** The stock was suspended on Monday following the offer
        ** If gains hold, it will see its best day ever
  
    

 (Reporting Clement Martinot)
 ((Clement.martinot@tr.com))