ADRs End Mostly Lower; Compagnie de Saint-Gobain Trades Actively
September 22 2022 - 5:54PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed mostly lower on
Thursday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.3% to 126.61. The European index decreased 0.4% to 118.30,
the Asian index fell 0.6% to 151.48, the Latin American index rose
2.1% to 187.95 and the emerging markets index decreased 0.6% to
263.37.
Compagnie de Saint-Gobain SA and GSK PLC were among the
companies with ADRs that traded actively.
ADRs of Compagnie de Saint-Gobain SA fell 1.8% after the company
said it received all outstanding regulatory approvals for its
acquisition of U.S. peer GCP Applied Technologies Inc. The all-cash
deal, previously valued at $2.3 billion, will be completed next
week.
ADRs of GSK PLC rose 0.8% after the company said it signed an
exclusive license agreement with Spero Therapeutics Inc. to
commercialize tebipenem HBr, an antibiotic that may treat
complicated urinary tract infections. The potential treatment is
currently in late-stage studies.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
September 22, 2022 18:39 ET (22:39 GMT)
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