Axel Springer, Hugo Boss, Siemens, Tognum: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Frankfurt. Stock symbols are in parentheses after company names. Share prices are from the last close.
DAX Index (DAX) futures expiring in September gained 1.1 percent to 7,253 at 8:36 a.m. in Frankfurt. The benchmark DAX Index slid 1.8 percent to 7,149.44 yesterday.
Deutsche Boerse AG (DB1) (DB1 GY): Deutsche Boerse and NYSE Euronext officials agreed to pay $910 million in dividends to investors to resolve shareholder lawsuits challenging the $9.53 billion buyout of the parent company of the New York Stock Exchange, court papers show. Shares of the operator of the Frankfurt Stock Exchange lost 2.3 percent to 50.85 euros.
Hugo Boss AG (BOS) (BOS3 GY): The clothing designer was rated “buy” in new coverage at Goldman Sachs Group Inc. The stock sank 2.5 percent to 61.83 euros.
Siemens AG (SIE) : Europe’s largest engineering company was raised to “buy” from “hold” at Banco Santander SA. The shares fell 1.2 percent to 91.60 euros.
Tognum AG (TGM) : Daimler AG and Rolls-Royce Group Plc’s 26 euro-a-share takeover offer for Tognum won the support of holders of 92.65 percent of the German engine maker’s stock as of midnight Frankfurt time on June 20, the bidders said today. Tognum’s shares slipped 1.1 percent to 25.55 euros.
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