Julius Baer mulls potential takeover of EFG International, Bloomberg says

Julius Baer (JBAXY) is looking into a potential takeover of competing Swiss private bank EFG International (EFGXY), Bloomberg’s Jan-Henrik Foerster, Dinesh Nair, and Benjamin Stupples report, citing people with knowledge of the matter. The Zurich-based company has held preliminary talks with EFG in recent weeks about a potential tie-up, the authors note.