By Rainer Buergin and Julie Cruz
Nov. 24 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and share prices are from the previous close.
DAX Index futures expiring in December dropped 0.8 percent to 5,748.00 as of 8:28 a.m. in Frankfurt. The DAX Index gained 2.4 percent to 5,801.48 yesterday
Adidas AG (ADS GY): The world’s second-largest sporting- goods maker will cancel its contracts with soccer clubs and athletes found guilty of wrongdoing in the latest match-fixing scandal, the Sueddeutsche Zeitung newspaper reported. The stock rose 3.3 percent to 36.47 euros.
Axel Springer AG (SPR GY): Europe’s biggest newspaper company will buy Gruner + Jahr AG’s Russian magazine business, Handelsblatt reported, citing a Gruner + Jahr supervisory board member it didn’t identify. The stock declined 0.3 percent to 75.80 euros.
Centrotherm Photovoltaics AG (CTN GY): The German maker of equipment to produce solar silicon and modules was raised to “buy” from “neutral” at BofA Merrill Lynch Global Research. The shares jumped 7.1 percent to 37.20 euros.
CeWe Color Holding AG (CWC GY): Europe’s largest independent photograph developer said third-quarter net profit rose 2.8 percent to 12.2 million euros ($18.2 million). The stock retreated 1.8 percent to 22.83 euros.
Daimler AG (DAI GY): The world’s second-biggest maker of luxury cars said it is in talks to buy 15 percent of OAO KamAZ from Troika Dialog to boost its stake in the Russian truck producer to 25 percent, Vedomosti reported, citing unidentified people familiar with the matter.
Daimler and KamAZ said today they are expanding their cooperation in Russia and will form two joint ventures. The shares added 2 percent to 35.67 euros.
Hornbach Holding AG (HBH3 GY): The German home-improvement retailer was raised to “add” from “hold” at Commerzbank AG by equity analyst Juergen Elfers. The 6-month share-price estimate is 77 euros. The stock rose 0.6 percent to 67.24 euros.
Nordex AG (NDX1 GY): The German maker of wind turbines said nine-month gross profit climbed 12 percent to 179 million euros, as sales gained. The stock gained 0.8 percent to 10.90 euros.
Pfleiderer AG (PFD4 GY): The German manufacturer of laminate flooring reported a third-quarter net loss of 21.8 million euros, as revenue declined. The stock increased 5.2 percent to 7.32 euros.
To contact the reporters on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.
Last Updated: November 24, 2009 02:42 EST
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