By Claudia Rach and Julie Cruz
Oct. 27 (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.
DAX Index futures expiring in December added 0.2 percent to 5,657.00 as of 8:45 a.m. The DAX Index fell 1.7 percent to 5,642.16.
Bayer AG (BAYN GY): Germany’s largest drugmaker said third- quarter profit fell 10 percent as flagging sales at its agricultural chemical and plastics units offset gains in drug revenue. Net income dropped to 249 million euros ($371 million), from 277 million euros a year earlier, the company said. Sales fell 7 percent to 7.39 billion euros. The shares rose 14 cents, or 0.3 percent, to 47.82 euros.
DAB Bank AG (DRN GY): The German online broker controlled by Italy’s UniCredit SpA returned to a third-quarter profit, helped by a rebound in its financial result. Net income was 8.3 million euros after a year-earlier loss of 14.3 million euros, the broker said today. The shares declined 10 cents, or 2.4 percent, to 4.05 euros.
Daimler AG (DAI GY): The world’s second- largest maker of luxury vehicles is scheduled to release third-quarter earnings. The shares fell 1.05 euro, or 2.8 percent, to 35.83 euros.
Dialog Semiconductor Plc (DLG GY): The German semiconductor maker that gained Samsung Electronics Co. as a customer this year confirmed its 2009 forecast. The shares dropped 4 cents, or 0.6 percent, to 6.25 euros.
Escada AG (ESC GY): The insolvent German fashion designer has several purchase offers from investors, Financial Times Deutschland said. Insolvency lawyer Christian Gerloff and Escada’s Chief Executive Officer Bruno Saelzer are leading the final talks as a buyer for Escada is expected to be determined at the beginning of next month, the newspaper said. The shares gained 1 cent, or 1.6 percent, to 64 cents.
Loewe AG (LOE GY): The television maker partly owned by Sharp Corp. issued a new 2009 forecast, and sees earnings before interest and taxes of 12 million euros. The shares were unchanged at 10.65 euros.
Merck KGaA (MRK GY): The world’s largest maker of liquid crystals was cut to “hold’ from “buy” at Royal Bank of Scotland Group Plc. The shares slumped 2.77 euros, or 4 percent, to 66.73 euros.
Siemens AG (SIE GY): Areva SA and Siemens have been unable to agree terms for Siemens’ planned exit from their Areva NP reactor-building joint venture, French daily Les Echos reported, citing unidentified people at both companies. The dispute will be settled by an arbitration procedure started in April by Areva, the newspaper said. Siemens shares fell 88 cents, or 1.3 percent, to 64.67 euros.
SMA Solar Technology AG (S92 GY): The German maker of solar-power equipment said it plans to set up an additional production facility for solar inverters in Denver, Colorado, which will have an initial yearly production capacity of about one gigawatt. The shares fell 17 cents, or 0.3 percent, to 64.83 euros.
ThyssenKrupp AG (TKA GY): The steelmaker may propose a dividend of at least 30 euro cents, Die Welt reported, citing unidentified people close to the company. The shares declined 41 cents, or 1.7 percent, to 23.99 euros.
To contact the reporters on this story: Claudia Rach in Berlin at crach1@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.
Last Updated: October 27, 2009 03:47 EDT
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