Swiss stocks - Factors to watch on December 5

Schaffner Holding AG

05/12/2019 06:16

BERLIN/ZURICH, Dec 5 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
      
    NOVARTIS  NOVN.S  
    Novartis said it started its tender offer to buy The
Medicines Co. at $85 per share.
    For more, click on  NOVN.S 
    
    COMPANY STATEMENTS
    * Idorsia Ltd  IDIA.S  said it entered into an exclusive
license agreement with Mochida Pharmaceutical Co. for
daridorexant, Idorsia’s dual orexin receptor antagonist (DORA),
for insomnia and related disorders in Japan.  IDIA.S 
    * Schaffner Holding  SAHN.S  reported a 10.9% drop in
2018/2019 net sales to 197.4 million Swiss francs ($197.95
million).  urn:newsml:reuters.com:*:nFWN28F005
    * Julius Baer  BAER.S  said it would book a provision of 153
million Swiss francs after a Zurich court affirmed a claim by a
German government agency seeking East German assets that went
missing after the fall of the Berlin Wall.  urn:newsml:reuters.com:*:nFWN28E0P7
    
    ECONOMY
    No major economic data scheduled.


($1 = 0.9972 Swiss francs)

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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