Colruyt, Nyrstar, Reed Elsevier, TNT May Be Active: Benelux Equity Preview
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses and prices are from the previous close.
Reed Elsevier NV (REN NA): The publisher of Variety magazine is being targeted by buyout firms seeking to purchase the company’s exhibitions business, the Sunday Times reported, without saying where it got the information.
Reed has told at least one buyout firm that the business, which may be valued at about 1.5 billion pounds ($2.3 billion), isn’t for sale, the newspaper said. Reed Elsevier slipped 5.1 cents, or 0.6 percent, to 9.194 euros.
TNT NV (TNT NA): Europe’s second-biggest mail express- delivery company, which is trying to sell its mail division, plans to eliminate Dutch mail delivery positions involving more than 25 hours a week, De Telegraaf reported, citing a letter the company sent to its workers on June 25. TNT slipped 10.5 cents, or 0.5 percent, to 21.795 euros.
Colruyt SA (COLR BB): Belgium’s biggest discount food retailer will release fiscal full-year earnings after the market closes. The shares rose 1.40 euros, or 0.7 percent, to 192.60 euros.
Cie. du Bois Sauvage SA (COMB BB): The Belgian investment firm said it bought the remaining 13 percent it didn’t already own in CBS Finance SA, the Brussels-based unit that holds stakes in Banque Degroof SA and Berenberg Bank GmbH, for an undisclosed amount. The shares were unchanged at 173 euros.
Miko NV (MIKO BB): The Belgian coffee-service provider and maker of plastic food containers said it bought Scottish coffee- service operator Espresso Adesso for an undisclosed amount. Espresso Adesso has annual sales of 1.5 million euros. Miko shares fell 78 cents, or 1.6 percent, to 49.61 euros.
Nyrstar NV (NYR BB): The world’s largest zinc producer said it spent 6.27 million euros buying back 674,006 shares in the period from June 22 through June 24. The shares dropped 12 cents, or 1.3 percent, to 8.95 euros.