RHJ and Magna Pressed to Tweak Proposals

The DAX top-30 index looked set to open 1.2 percent higher on Thursday, according to premarket data from brokers at 0611 GMT.

Photo: RHJ and Magna Pressed to Tweak Proposals

The following are some of the factors that may move German stocks on Thursday: (share price indications at 0611 GMT)

BAYER

Indicated 0.3 per

RHJ and Magna Pressed to Tweak Proposals

The DAX top-30 index looked set to open 1.2 percent higher on Thursday, according to premarket data from brokers at 0611 GMT.

The following are some of the factors that may move German stocks on Thursday: (share price indications at 0611 GMT)

BAYER

Indicated 0.3 percent higher

Bayer has suffered defeat in an Indian court in a crucial legal dispute over approval of a copycat version of its cancer drug Nexavar, Forbes reports.

The board of General Motors Co. is to meet Friday to discuss bids for its European Opel/Vauxhall unit, and two people close to the discussions said an announcement could come next week.

GM's revamped board met last week to review "final" offers for a majority stake in the unprofitable European unit, though the two bidders -- Belgian investment group RHJ International SA and a consortium led by Austrian-Canadian car-parts maker Magna International Inc. -- are being pressed by German authorities to tweak the proposals, Wall Street Journal reports.

Magna and Sberbank have teamed up to bid for GM's European Opel business, rivaling an offer by RHJ International , and sources close to the deal have told Reuters that GM's board of directors will convene on Friday to address among other things the sale of Opel, ABC News reports.