APP, Cal-Maine Foods, GE, Grey Wolf, Teva: U.S. Equity Preview

By Katherine Greene

July 7 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 8 a.m. in New York unless stated otherwise.

APP Pharmaceuticals Inc. (APPX US) rose 35 percent to $24. Fresenius SE (FMS US), Europe's biggest maker of intravenous drugs, will buy APP for as much as $4.6 billion, or $23 a share, in cash to enter the faster-growing U.S. market for generic injectable medicines used in hospitals.

Cal-Maine Foods Inc. (CALM US) rose 8.7 percent to $35. Earnings at the largest U.S. egg producer and distributor may quadruple in the next year as prices rise, Barron's said, without citing anyone.

General Electric Co. (GE US): Chief Executive Officer Jeff Immelt has until the end of the year to repair his reputation, the New York Post reported, citing three unidentified investors. GE gained 1.5 percent to $26.91 on July 3.

Grey Wolf Inc. (GW US): The natural gas driller's shareholders should reject its plan to buy Basic Energy Services Inc. (BAS US) for about $1.4 billion, RiskMetrics Group Inc.'s ISS Governance Services unit said in a report. Grey Wolf rose 0.7 percent to $9.11 on July 3, while Basic Energy declined 0.4 percent to $30.36.

Marshall & Ilsley Corp. (MI US): Wisconsin's largest bank said it had an unexpected second-quarter loss of as much as $1.60 a share as borrowers failed to repay their debts. Marshall & Ilsley lost 4.2 percent to $14.14 on July 3.

Teva Pharmaceutical Industries Ltd. (TEVA US) fell 6 percent to $44.38. The world's biggest generic-drug maker may face stiffer competition after test results showed Copaxone, its top- selling medicine, didn't work more effectively when given in higher doses to multiple sclerosis patients.

Time Warner Inc. (TWX US) gained 0.7 percent to $14.79. The world's largest media company's shares may gain about 76 percent in the next year as the company benefits from growth in its film, cable-television and print units, Barron's reported, citing a Deutsche Bank AG analyst.

To contact the reporter on this story: Katherine Greene in New York at kgreene8@bloomberg.net.