Swiss stocks - Factors to watch on Oct. 14

Crealogix Holding AG

14/10/2019 06:36

ZURICH/BERLIN, Oct 14 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:

    CREDIT SUISSE  CSGN.S-E  
    Credit Suisse  CSGN.S  is considering setting up a
30-people-strong advisory unit in Miami, Florida, targeting a
total of $15 billion in customer deposits, SonntagsZeitung said.
The bank sold its U.S. private banking activities to U.S. bank
Wells Fargo in 2015.    
    
   SUNRISE  SRCG.S 
   Proxy adviser Glass Lewis recommends supporting a rights
issue that will allow Sunrise Communications to finance a 6.3
billion Swiss franc ($6.35 billion) purchase of cable operator
UPC from Liberty Global  LBTYA.O . "We believe shareholders may
reasonably support the transaction," Glass Lewis said in a proxy
paper dated Oct. 11.
    "Though we are cognizant of several risks and the initial
negative share price reaction, we find the proposed
acquisition both strategically and financially compelling,
structured in a reasonable manner from a valuation and
risk/reward standpoint for existing Sunrise shareholders."
    Separately, Liberty Global has offered to buy up to 500
million Swiss francs ($502.11 million) of newly created Sunrise
Communications shares - a move designed to ease through its 6.3
billion franc sale of its Swiss business.  urn:newsml:reuters.com:*:nASP001816

    COMPANY STATEMENTS  E-CH 
    * Molecular Partners  MOLN.S  and Allergan  AGN.N  presented
late-breaking data from phase 3 studies of Investigational
Abicipar pegol in neovascular wet age-related macular
degeneration.  urn:newsml:reuters.com:*:nFWN26W0Q7 
    * Roche  ROG.S  said a phase 3 study showed Roche's
Mabthera/Rituxan was superior to Mycophenolate Mofetil in
patients with Pemphigus Vulgaris.  urn:newsml:reuters.com:*:nFWN26Z05O
    * Peach Property  PEAN.S  said anchor shareholder
Kreissparkasse Biberach increased its stake to 10.9% from 7.7%
by means of a capital increase.  urn:newsml:reuters.com:*:nFWN26W0RG
    * Crealogix  CLXN.S  announced issuing a convertible bond in
the minimum amount of CHF 20 million ($20.08 million) with
possibility to increase the total amount up to CHF 25 million.
 urn:newsml:reuters.com:*:nFWN26W0RE
    
    ECONOMY  M-CH 
    No major economic data scheduled.


($1 = 0.9960 Swiss francs)

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
((For Top News in a multimedia Web format on Eikon visit: https://bit.ly/2NDFd6g
 FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON:
    
 Daily Swiss stock market report in German................ .SDE 
 All SMI constituent stocks............................ 0#.SSMI  
 News on major Swiss stock price moves.................. CH-HOT 
 FTSE Eurotop 300 index................................  .FTEU3 
 DJ STOXX index........................................  .STOXX 
 Top 10 STOXX sectors.............................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors........................  .PGL.STOXXES 
 Top 10 Eurotop 300 sectors.......................  .PGL.FTEU3S 
 Top 25 European pct gainers...  .PG.PEUR , losers...  .PL.PEUR 
    
 Swiss mid-cap index      .SSMI   SMI futures            0#SMI: 
 Swiss all-share index    .SSHI   Market statistics   CH/STATS1 
 Swiss market digest      .AD.S   Sector overview    CH/SECTOR1 
 All Swiss news              CH   Swiss research news     CH-RCH   
 All equity news              E  
     
 INTERNET ADDRESSES:              
 
Swiss Exchange  www.swx.ch/     
STOXX Ltd         www.stoxx.com 
 
 SPEED GUIDES:   EQUITY   EQUITY/NEWS1   EUR/EQUITY  
  SWITZERLAND   REUTERS  ))