Bayer, Deutsche Telekom, Porsche, Siemens: German Stock Preview

By Nadja Brandt and Stefanie Haxel

Nov. 26 (Bloomberg) -- The following companies may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

DAX Index futures expiring in December lost 60, or 1.3 percent, to 4,520 as of 8:15 a.m. in Frankfurt. The DAX added 0.1 percent to 4,560.42 yesterday.

Bayer AG (BAY GY): A unit of Germany’s largest drugmaker agreed to pay $97.5 million to settle accusations that it paid kickbacks to diabetic-equipment suppliers, the U.S. Justice Department said. Bayer shares increased 1.47 euros, or 3.6 percent, to 41.81.

Deutsche Telekom AG (DTE GY): Europe’s largest telephone company was cut to “underperform” from “market perform” at Sanford C. Bernstein & Co., which said the company will be hurt more than investors realize by the recession. The shares lost 17 cents, or 1.5 percent, to 10.995 euros.

Porsche SE (PAH3 GY): The maker of the 911 sports car plans to hold a press conference on full-year results. The shares declined 3.23 euros, or 5.8 percent, to 52.77.

Siemens AG (SIE GY): Europe’s largest engineering company agreed to pay a total of 300 million euros ($391.3 million) in damages to BenQ Corp.’s administrator over the bankruptcy of its German mobile-phone unit. The payout won’t affect fiscal 2009 operating results as the company “made sufficient provisions for the expected settlement,” Siemens said. The stock rose 1.37 euros, or 3 percent, to 47.66.

Volkswagen AG (VOW GY): Last night’s reduction of the carmaker’s weighting in the MSCI global indexes may force tracker funds to sell the stock. The shares plunged 74.71 euros, or 23 percent, to 255.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.