Kuoni Surges Most in 12 Years as Revamp Spurs Takeover Talk

Updated on
  • Swiss company to eliminate 350 jobs, replaces CEO, CFO
  • Plan to end limits on voting rights spurs takeover speculation

Kuoni Reisen Holding AG rose the most in 12 years after announcing a management shakeup, job cuts and a proposal to eliminate voting-rights limits that analysts said would make the Swiss tourism company easier to take over.

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