November 16, 2015 / 7:28 AM / 2 years ago

NORDIC STOCKS - Factors to watch on Nov 16

The following stocks may be affected by newspaper reports and other factors on Monday:

ERICSSON, CISCO

The two companies have not discussed a merger or an acquisition by Cisco of Ericsson, the Swedish mobile network equipment maker said on Monday.

Earlier this month the two agreed a business and technology partnership aimed at generating $1 billion in extra revenues for each company by 2018.

"The talks leading up to the partnership announcement have been ongoing for a year and there have not been any discussions whatsoever on a merger or an acquisition," Ericsson CEO Hans Vestberg said in a statement.

Ericsson's U.S. depository receipts surged on Friday after Swedish business daily Dagens Industri said Cisco was looking to buy Ericsson.

Cisco denied the report.

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Reporting by Copenhagen, Oslo, Helsinki and Stockholm newsrooms; Editing by Simon Johnson

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