By Nadja Brandt
May 29 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.
The Dow Jones Stoxx 600 dropped 1.2 percent to 207.93. The Dow Jones Stoxx 50 Index fell 1 percent to 2,117.79. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, decreased 1.1 percent to 2,453.15.
E.ON AG (EOAN GY): German regional energy supplier HEAG Suedhessische Energie AG may join a group of utilities preparing an offer for E.ON AG’s Thuega unit, Dow Jones Newswires said, citing two unidentified people familiar with the matter. E.ON shares declined 0.4 percent to 25.21 euros.
Munich Re (MUV2 GY): The world’s biggest reinsurer said U.S. reinsurance rates rose in the renewals for July. The shares fell 0.1 percent to 97.66 euros.
Royal Dutch Shell Plc (RDSA NA): An Amsterdam court is scheduled to rule whether a $353 million settlement with shareholders outside the U.S. following a restatement of proven oil and gas reserve estimates in January 2004 is binding. Shell was unchanged at 18.76 euros in Amsterdam.
SAP AG (SAP GY): Outgoing Co-Chief Executive Officer Henning Kagermann forecast double-digit growth at the world’s biggest maker of business-management software, Frankfurter Allgemeine Zeitung said.
Growth will primarily be driven by product sales rather than license revenue, the chief told the newspaper in an interview to be published tomorrow. He didn’t specify the time frame. The shares were little changed at 30.22 euros.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net
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