October 17, 2011 / 5:01 AM / 6 years ago

Swiss stocks - Factors to watch on Oct 17

ZURICH, Oct 17 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Monday:

UBS

UBS chairman Kaspar Villiger should stand down at the bank’s next annual general meeting in May and hand over then to designated successor Axel Weber, UBS Honorary Chairman Nikolaus Senn was quoted as saying in an interview on Sunday.

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ROCHE

The Swiss pharmaceuticals company signed a definitive agreement to acquire Anadys Pharmaceuticals in an all-cash transaction worth around $230 mln, boosting its position in the treatment of hepatitis C.

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SARASIN

Swiss private bank Sarasin and its owner Rabobank are hoping that Swiss cooperative bank Raiffeisen will buy part of the latter’s controlling stake in Sarasin, a Swiss newspaper reported on Sunday.

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LONZA

Chemicals company Lonza said it had completed its tender offer for U.S. listed Arch Chemicals, with 91.9 percent of shares tendered, and announced a subsequent offering period to buy the untendered shares.

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LINDT & SPRUENGLI

Swiss chocolate maker Lindt & Spruengli is on track to meet its full-year sales growth target and sees a higher pace of growth in the second half than the first six months, the group’s chief was quoted as saying on Saturday.

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TAX

Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they will be asked to explain their actions, Swiss newspaper NZZ am Sonntag reported on Sunday.

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COMPANY STATEMENTS

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