By Micah Maidenberg
The S&P/BNY Mellon of American depositary receipts fell nearly 1% Monday to 151.99. The European index closed at 124.59, 1% decrease. The emerging-markets and the Asian indexes dropped 1.3% and 0.8%, respectively, closing at 395.57 and 222.46. The index for Latin American ADRs decreased 1.6% to 193.17.
ADRs for AstraZeneca PLC dropped 7.8% to $50.03 in heavy buying and selling as buyers digested the British firm’s plan to buy Alexion Prescription drugs Inc. for $39 billion in cash and stock. The proposed deal values shares of Alexion at $175.
Itau Unibanco Holdings SA’s ADRs additionally traded actively.
The Brazilian bank on Monday introduced a number of modifications to its government committee, efforts it stated would assist the corporate pace up choice making and simplify its operations. The modifications to its government ranks embrace assigning leaders oversight over its retail bank, car loans in addition to wealth administration and associated companies.
As well as, the corporate stated it’ll create a brand new construction to supervise a variety of actions, together with company merchandise and buying and selling, in addition to its operations in South America exterior of Brazil.
Itau’s ADRs closed the day down 3% to $6.05.
Write to Micah Maidenberg at [email protected]
(END) Dow Jones Newswires
December 14, 2020 17:26 ET (22:26 GMT)
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