Rothschild Family Bids $1.6 Billion to Take Namesake Bank Private: WSJ

Shares of Rothschild Co., one of Europe’s oldest investment banks, surged Monday after the firm’s controlling family offered to buy out other shareholders. + Concordia, the family holding company, offered €48 a share for the almost 60% of the stock it doesn’t already own. + That totals €1.44 billion, or about $1.55 billion. + The offer represents a 19% premium over Friday’s…