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Beter Bed, Nyrstar, Sipef, TomTom: Benelux Equity Preview

March 15 (Bloomberg) -- The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.

The AEX-Index in Amsterdam declined 2.75, or 0.8 percent, to 356.32. Belgium’s Bel20 Index fell 5.79, or 0.2 percent, to 2,646.32. Luxembourg’s LuxX Index lost 0.4 percent to 1,448.28.

Dutch stocks:

Beter Bed Holding NV (BBED NA): Europe’s largest mattress retailer was raised to “buy” from “hold” at ING Groep NV. Beter Bed lost 0.5 percent to 20.99 euros.

TKH Group NV (TWEKA NA): The Dutch maker of cables and tire-producing machines was raised to “buy” from “accumulate” at SNS Securities. The shares rose 0.4 percent to 18.69 euros.

TomTom NV (TOM2 NA): Europe’s biggest maker of portable navigation devices was raised to “neutral” from “underperform” at Exane BNP Paribas SA. The shares declined 1.3 percent to 5.88 euros.

Belgian stocks:

Nyrstar NV (NYR BB): The world’s biggest producer of refined zinc said shareholders took 95 percent of the 490.1 million euros ($682 million) of discounted stock that the company’s selling to help fund its expansion into mining. Nyrstar offered investors seven new shares for every 10 they owned at 7 euros apiece. The shares advanced 0.7 percent to 10.03 euros.

Sipef NV (SIP BB): The owner of oil palm plantations in Indonesia and Papua New Guinea said its 2,250 euro-a-share offer for the remaining 22.6 percent of Jabelmalux SA (JBLM LX) will start today and end on April 29. Sipef lost 0.6 percent to 67.95 euros. Jabelmalux last traded at 2,200 euros on March 11.

To contact the reporters on this story: John Martens in Brussels at jmartens1@bloomberg.net; Fred Pals in Amsterdam at fpals@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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