The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index increased 0.7 percent to 254.43. The Stoxx 50 Index (SX5P) gained 0.6 percent to 2,385.18. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, rose 0.9 percent to 2,341.36.
Banco Espirito Santo SA (BES) : Portugal’s biggest publicly traded bank by market value plans to sell as much as 1.01 billion euros ($1.3 billion) in stock to existing shareholders to increase its capital ratios and buy out its partner in an insurance unit. The shares fell 0.3 percent to 1.17 euros.
Roche Holding AG (ROG) : The world’s biggest maker of cancer drugs called its $51-a-share bid for Illumina Inc. (ILMN US) a “more than reasonable starting point for negotiations” in a letter to the San Diego-based company’s shareholders. The shares decreased 0.4 percent to 154.30 Swiss francs.
Royal Philips Electronics NV (PHIA) : The maker of electronic toothbrushes and patient-monitoring systems said Steve Rusckowski, the chief executive officer of the company’s health care unit, will leave the company on April 30 to become president and CEO of Quest Diagnostics Inc. (DGX US). Philips will replace Rusckowski with Deborah Disanzo. The shares dropped 0.4 percent to 13.76 euros.
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