By Nadja Brandt and Stefanie Haxel
March 3 (Bloomberg) -- The following is a list of companies whose shares 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 March increased 0.6 percent to 3,722 as of 8:16 a.m. in Frankfurt. The DAX dropped 3.5 percent to 3,710.07 yesterday.
Bayer AG (BAY GY): Germany’s largest drugmaker reported fourth-quarter net income of 106 million euros ($134 million) that missed analysts’ estimates after an operating loss at its chemicals unit eclipsed gains at the health-care division. Analysts predicted a 190 million-euro profit. The shares fell 3.6 percent to 36.70 euros.
Beiersdorf AG (BEI GY): The maker of Nivea skin creams is targeting organic growth for its consumer business faster than the market in 2009 and in coming years, according to a statement handed to reporters today. Beiersdorf is scheduled to hold its annual press conference and release a detailed breakdown of annual results released in January. The shares dropped 1.8 percent to 32.40 euros.
Deutsche Boerse AG (DB1 GY): German stock-exchange trades fell 55 percent to 98.5 billion euros in February from 217.9 billion euros a year earlier, the operator of the Frankfurt stock exchange said. The shares decreased 5.4 percent to 34.40 euros.
Deutsche Post AG (DPW GY): Europe’s biggest postal service had its recommendation raised to “overweight” from “neutral” at HSBC Holdings Plc, which cited the withdrawal from “U.S. domestic express and the completion of the Postbank disposal.” The shares lost 2.1 percent to 7.48 euros.
K+S AG (SDF GY): Europe’s largest producer of potash used in fertilizers is considering a $2.4 billion cash bid for Compass Minerals International Inc., the Daily Telegraph reported, citing unidentified people. K+S dropped 4.6 percent to 33.88 euros.
Linde AG (LIN GY): The world’s second-biggest maker of industrial gases plans to post preliminary fourth-quarter results. The company may say profit dropped 28 percent, a Bloomberg survey of analysts showed. The shares declined 2 percent to 49.95 euros.
Metro AG (MEO GY): Morgan Stanley cut its share-price estimate for Germany’s largest retailer 20 percent to 20 euros. The stock sank 4.2 percent to 22.06 euros.
Munich Re (MUV2 GY): The world’s biggest reinsurer scrapped a goal for earnings of 18 euros a share in 2010 and said fourth- quarter net income fell 76 percent to 133 million euros. The shares decreased 5 percent to 92.16 euros.
TAG Immobilien AG (TEG GY): The real-estate firm founded in 1882 to build a railway in Bavaria reported a 2008 net loss and forecast the number of companies in the industry will drop as they struggle to obtain funds. The shares retreated 4.4 percent to 1.29 euros.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net
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