ADRs End Higher; Shire Rises
December 16 2015 - 5:05PM
Dow Jones News
International stocks trading in New York closed higher on
Wednesday.
The BNY Mellon index of American depositary receipts rose 1.9%
to 128.55. The European index increased 1.6% to 127.35, the Asian
index improved 2.6% to 140.41, the Latin American index rose 2.2%
to 154.44 and the emerging markets index increased 1.8% to 222.03.
Shire PLC (SHPG, SHP.LN) was among the companies with ADRs that
traded actively.
After a nearly six-month stalemate, Shire PLC (SHPG, SHP.LN) is
entering the endgame in its pursuit of Baxalta Inc. The company
expects to either strike a deal with Baxalta or walk away
"reasonably soon," The Wall Street Journal reported citing a person
close to the deal, since "most things have [now] been examined."
Shire's ADRs rose 5.2% to $200.32.
AstraZeneca PLC (AZN, AZN.LN) announced two deals in two parts
of the business the pharmaceutical giant is targeting for growth.
The drugmaker agreed to acquire the respiratory business of Japan's
Takeda Pharmaceutical Co. for $575 million. The company also said
it would invest as much as $100 million in Chinese biological
drugmaker WuXi AppTec for the option to acquire the company.
AstraZeneca's ADRs rose 1.6% to $33.79.
Barclays PLC (BCS, BARC.LN) agreed to sell its risk analytics
and index solutions business to Bloomberg LP for 520 million
British pounds ($782 million), in the bank's latest move to focus
on its core operations. The U.K. lender said the sale of the unit,
which is expected to be complete by the middle of next year, will
result in a pretax gain of roughly 480 million pounds. Barclays'
ADRs rose 1.9% to $13.16.
Japanese e-commerce giant Rakuten Inc. said it would set up an
online store on China's JD.com Inc. (JD) to reach the greater
Chinese market as it faces limited growth prospects and stiff
competition in Japan. JD.com's ADRs rose 2.1% to $32.23.
Royal Bank of Scotland Group PLC (RBS, RBS.LN) said it is
considering selling its Williams & Glyn unit after receiving
interest from potential buyers, as it races to meet rules that
require it to shed the business by 2017. ADRs rose 1.5% to
$8.81.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
December 16, 2015 17:50 ET (22:50 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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