Mon Feb 24, 2014 2:57am EST
<span id="articleText"/>(Updates Scania, adds Algeta, Volvo)
<span id="midArticle_0"/>HELSINKI Feb 24 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Monday:
<span id="midArticle_1"/><span id="midArticle_2"/>SCANIA
<span id="midArticle_3"/>Volkswagen announced late on Friday plans to buy out minority shareholders of Swedish trucks division Scania for 6.7 billion euros ($9.21 billion).
<span id="midArticle_4"/>VW said it will sell preferred shares for up to 2 billion euros, issue hybrid capital of up to 3 billion euros and draw another 2 billion euros from its ample cash reserves of 16.9 billion euros.
<span id="midArticle_5"/>Pension fund provider Skandia Liv's head of equities Caroline af Ugglas expressed skepticism over Volkswagen's bid.
<span id="midArticle_6"/>"I would not recommend selling at this stage," she was quoted as saying in Swedish business daily Dagens industri over the weekend.
<span id="midArticle_7"/>Skandia Liv holds about 0.8 percent of shares in Scania.
<span id="midArticle_8"/>Scania said in a statement on Sunday an independent committee would evaluate the Volkswagen offer.
<span id="midArticle_9"/>For more information, double-click on
<span id="midArticle_10"/><span id="midArticle_11"/>ALGETA
<span id="midArticle_12"/>German drug firm Bayer has clinched a $2.9 billion deal to take over Norwegian cancer drug maker Algeta after receiving 92.17 percent of shares in a cash offer.
<span id="midArticle_13"/>Bayer bid for Algeta last year to gain outright control over a novel prostate cancer drug the two have developed jointly since 2009 and started selling in the United States in 2013.
<span id="midArticle_14"/>Bayer also said it extended the acceptance deadline by two days to February 26 and expects the deal to close in the first quarter.
<span id="midArticle_15"/>For more on the company, click
<span id="midArticle_0"/>VOLVO
<span id="midArticle_1"/>Citigroup upgraded the Swedish truck maker to a buy recommendation from neutral on a target price of 117 Swedish crowns.
<span id="midArticle_2"/>"We think expectations are now rebased for a significant earnings surprise as of 2Q14," Citigroup said in a note.
<span id="midArticle_3"/>For more information, double-click on
<span id="midArticle_4"/><span id="midArticle_5"/>NOKIA
<span id="midArticle_6"/>Alcatel-Lucent, rival to Finland's Nokia, said at the Mobile World Congress in Barcelona it would stay out of a brewing price war in the telecoms equipment market.
<span id="midArticle_7"/>Analysts have predicted that competition could intensify this year as Nokia's network unit NSN seeks to rebuild revenues.
<span id="midArticle_8"/>Separately, NSN CEO Rajeev Suri declined to comment if Nokia was studying a bid for U.S.-based Juniper Networks, as suggested by a media report last week.
<span id="midArticle_9"/>However he told a news conference NSN was looking for ways to extend partnership with Juniper to expand in IP routing.
<span id="midArticle_10"/>For more on the company, click on
<span id="midArticle_11"/><span id="midArticle_12"/>ARCHER
<span id="midArticle_13"/>Oil services firm Archer, part of shipping tycoon John Fredriksen's business empire, will take a $430 million non-cash goodwill impairment charge, which will reduce its net equity per share to $1.07 from $1.87.
<span id="midArticle_14"/>The impairment is primarily due to reduced pricing and low utilization of equipment as a result of an oversupply of land based oilfield services in the United States, the firm said on Friday.
<span id="midArticle_15"/>For more on the company, click
<span id="midArticle_0"/><span id="midArticle_1"/>** For a summary of upcoming results and forecasts, double click on
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<span id="midArticle_8"/>(Reporting by Copenhagen, Helsinki, Oslo and Stockholm newsrooms) ($1 = 6.5411 Swedish crowns)
<span id="midArticle_9"/>
<span id="articleText"/>(Updates Scania, adds Algeta, Volvo)
<span id="midArticle_0"/>HELSINKI Feb 24 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Monday:
<span id="midArticle_1"/><span id="midArticle_2"/>SCANIA
<span id="midArticle_3"/>Volkswagen announced late on Friday plans to buy out minority shareholders of Swedish trucks division Scania for 6.7 billion euros ($9.21 billion).
<span id="midArticle_4"/>VW said it will sell preferred shares for up to 2 billion euros, issue hybrid capital of up to 3 billion euros and draw another 2 billion euros from its ample cash reserves of 16.9 billion euros.
<span id="midArticle_5"/>Pension fund provider Skandia Liv's head of equities Caroline af Ugglas expressed skepticism over Volkswagen's bid.
<span id="midArticle_6"/>"I would not recommend selling at this stage," she was quoted as saying in Swedish business daily Dagens industri over the weekend.
<span id="midArticle_7"/>Skandia Liv holds about 0.8 percent of shares in Scania.
<span id="midArticle_8"/>Scania said in a statement on Sunday an independent committee would evaluate the Volkswagen offer.
<span id="midArticle_9"/>For more information, double-click on
<span id="midArticle_10"/><span id="midArticle_11"/>ALGETA
<span id="midArticle_12"/>German drug firm Bayer has clinched a $2.9 billion deal to take over Norwegian cancer drug maker Algeta after receiving 92.17 percent of shares in a cash offer.
<span id="midArticle_13"/>Bayer bid for Algeta last year to gain outright control over a novel prostate cancer drug the two have developed jointly since 2009 and started selling in the United States in 2013.
<span id="midArticle_14"/>Bayer also said it extended the acceptance deadline by two days to February 26 and expects the deal to close in the first quarter.
<span id="midArticle_15"/>For more on the company, click
<span id="midArticle_0"/>VOLVO
<span id="midArticle_1"/>Citigroup upgraded the Swedish truck maker to a buy recommendation from neutral on a target price of 117 Swedish crowns.
<span id="midArticle_2"/>"We think expectations are now rebased for a significant earnings surprise as of 2Q14," Citigroup said in a note.
<span id="midArticle_3"/>For more information, double-click on
<span id="midArticle_4"/><span id="midArticle_5"/>NOKIA
<span id="midArticle_6"/>Alcatel-Lucent, rival to Finland's Nokia, said at the Mobile World Congress in Barcelona it would stay out of a brewing price war in the telecoms equipment market.
<span id="midArticle_7"/>Analysts have predicted that competition could intensify this year as Nokia's network unit NSN seeks to rebuild revenues.
<span id="midArticle_8"/>Separately, NSN CEO Rajeev Suri declined to comment if Nokia was studying a bid for U.S.-based Juniper Networks, as suggested by a media report last week.
<span id="midArticle_9"/>However he told a news conference NSN was looking for ways to extend partnership with Juniper to expand in IP routing.
<span id="midArticle_10"/>For more on the company, click on
<span id="midArticle_11"/><span id="midArticle_12"/>ARCHER
<span id="midArticle_13"/>Oil services firm Archer, part of shipping tycoon John Fredriksen's business empire, will take a $430 million non-cash goodwill impairment charge, which will reduce its net equity per share to $1.07 from $1.87.
<span id="midArticle_14"/>The impairment is primarily due to reduced pricing and low utilization of equipment as a result of an oversupply of land based oilfield services in the United States, the firm said on Friday.
<span id="midArticle_15"/>For more on the company, click
<span id="midArticle_0"/><span id="midArticle_1"/>** For a summary of upcoming results and forecasts, double click on
<span id="midArticle_2"/>** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts' meetings, click on or type in the code and hit the f9 button.
<span id="midArticle_3"/>** Double click on for Swedish indices, for Danish indices, for Finnish indices and for Norwegian indices
<span id="midArticle_4"/>** For real-time moves on Nordic blue-chip indices double click on,, and
<span id="midArticle_5"/>** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard
<span id="midArticle_6"/>** For Nordic top news items, double click on
<span id="midArticle_7"/>** For the latest news on Nordic stock price moves double click on
<span id="midArticle_8"/>(Reporting by Copenhagen, Helsinki, Oslo and Stockholm newsrooms) ($1 = 6.5411 Swedish crowns)
<span id="midArticle_9"/>
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