ADR Shares End Mixed; Galapagos, Abengoa Trade Actively
September 25 2015 - 6:06PM
Dow Jones News
International stocks trading in New York closed mixed
Friday.
The BNY Mellon index of American depositary receipts improved
0.38% to 125.07. The European index increased 0.41% to 126.22, and
the Asian index rose 0.51% to 130.11. Meanwhile, the Latin American
index fell 0.55% to 156.26 and the emerging-markets index eased
0.23% to 204.82. Galapagos NV (GLPG, GLPG.AE) and Abengoa SA (ABGB,
ABG.MC) were among the companies whose ADRs traded actively.
ADRs of Abengoa fell 8% to $4.99 on Friday after the financially
strapped Spanish renewable-energy company set a date for a special
meeting of shareholders to vote on a proposed overhaul, including a
650-million-euro capital increase, asset disposals and new
corporate-governance measures. The meeting is scheduled for Oct.
10, or Oct. 11 if the required quorum is not met Oct. 10.
Dutch insurance firm Aegon NV (AEG, AGN.AE) said Friday it is
buying Mercer HR Service LLC's U.S. defined contribution
administration book of business in a deal that adds $71 billion to
its assets under administration. Aegon didn't disclose how much it
was paying for the business. The deal is expected to close in the
fourth quarter. ADRs rose 2.5% to $5.75.
ADRs of Galapagos NV (GLPG, GLPG.AE) tumbled 27% to $44.60 on
Friday after AbbVie Inc. decided not to license Galapagos's
rheumatoid-arthritis drug, filgotinib, and focus instead on its
own, ABT-494.
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(MORE TO FOLLOW) Dow Jones Newswires
September 25, 2015 17:51 ET (21:51 GMT)
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