Oddo BHF maintains its 'neutral' rating on Rothschild & Co. shares, with a price target reduced from 48 to 46.6 euros, 'in order to take into account the payment of the 2022 ordinary dividend of 1.4 E paid last week', explains the analyst.

Oddo BHF also refers to the project of Concordia (holding company of the Rothschild family), which yesterday filed a simplified tender offer for Rothschild & Co shares at a price of 46.6 E per share, with the intention of requesting the implementation of a squeeze-out.

As a reminder, the price of E46.6 will be adjusted to E38.6 following the detachment of the exceptional distribution of E8 per share", the broker points out.

According to the indicative timetable of the draft offer, the offer should start on July 24 and end on September 8.

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