By Jann Bettinga
Oct. 18 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the previous close.
The DAX Index fell 1.5 percent to 5,743.39 on Oct. 16.
Bauer AG (B5A GY): The builder and construction-equipment maker will probably return to growth in 2011, WirtschaftsWoche reported, citing an interview with Chief Executive Officer Thomas Bauer. The shares fell 3.3 percent to 27.40 euros.
Commerzbank AG (CBK GY): Wuestenrot & Wuerttembergische AG (WUW GY) is in talks to acquire Commerzbank’s Allianz Dresdner Bauspar AG unit, Boersen-Zeitung reported, citing unidentified people close to W&W. The stock dropped 3 percent to 8.375 euros.
Continental AG (CON GY): Europe’s second-largest auto-parts maker may sell bonds to refinance debt after demand for HeidelbergCement AG’s junk-bond sale this month exceeded supply, two people familiar with the situation said. The shares slipped 2.7 percent to 41.30 euros.
Daimler AG (DAI GY): The carmaker will surpass a 2009 target to cut costs by 4 billion euros ($6 billion) by a “double-digit percentage,” WirtschaftsWoche said, citing an interview with Chief Executive Officer Dieter Zetsche. The stock advanced 0.2 percent to 35.16 euros.
ThyssenKrupp AG (TKA GY): The steelmaker plans to eliminate 2,000 to 2,500 administrative positions in the current fiscal year, Frankfurter Allgemeine Zeitung said, citing an interview with Chief Executive Officer Ekkehard Schulz.
The company will also shrink its workforce by divesting some divisions, the newspaper said. In total, the workforce will be reduced by 15,000 to 20,000 people in the current fiscal year ending Sept. 30, 2010, the newspaper cited Schulz as saying. The shares declined 2.3 percent to 25.12 euros.
United Internet AG (UTDI GY): The Internet service provider said it sold 5.15 million shares in mobile-phone company Drillisch AG (DRI GY) for about 21.4 million euros. United Internet shares dropped 1.6 percent to 10.38 euros and Drillisch shares rose 1 percent to 4.20 euros.
To contact the reporter on this story: Jann Bettinga in Frankfurt at jbettinga@bloomberg.net.
Last Updated: October 18, 2009 14:18 EDT
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