Swiss stocks - Factors to watch on May 15

Orascom Development Holding AG

15/05/2018 05:58

ZURICH, May 15 (Reuters) - Here are some of the main factors
that may affect Swiss stocks on Tuesday.
      
    COMPANY STATEMENTS  CPR-CH 
    * Novartis  NOVN.S  said it has completed its tender offer
for AveXis at a price of $218 per share. The Swiss drugmaker can
now complete the acquisition. NOVN.S 
    * Meyer Burger  MBTN.S  said it has won two contracts for
wire saws for a value of 17.5 million Swiss francs.  MBTN.S 
    * DormaKaba  DOKA.S  said it has completed the acquisition
of Klaus Group, a key systems company based in Peru.  DOKA.S 
    * Orascom Development Holding  ODHN.S  said net profit at
Egyptian subsidiary Orascom Development Egypt for the first
quarter rose to 83.1 million Egyptian pounds  ($4.67 million),
up form 75.9 million pounds a year earlier. 

    ECONOMY  M-CH 
    * Swiss producer and import prices for April is due to be
published by the Federal Statistics Office at 0715 GMT.

($1 = 17.7800 Egyptian pounds)

 (Reporting by Zurich newsroom)
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