UN Unilever NV

International stocks trading in New York closed lower Monday.

Philips NV (PHG, PHIA.AE) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.9% to 127.00. The European index decreased 0.7% to 124.59, the Asian index dropped 1.2% to 136.26, the Latin American index declined 1.5% to 181.71 and the emerging-markets index retreated 1.2% to $236.13.

Philips NV (PHG, PHIA.AE) said Monday it is more likely to sell its lighting arm via an initial public offering as the Dutch electronics group struggles to find a buyer for the business. Philips said in its latest earnings report that it tilts toward an IPO even as it continues to look at proposals in a private sale process. ADRs fell 4.2% to $27.09.

Royal Dutch Shell PLC (RDSA, RDSA.LN) will offer a new voluntary severance program for employees and plans to close a number of U.K. offices in the wake of its roughly $50 billion acquisition of BG Group PLC, the company said Monday. The Anglo-Dutch oil giant has proposed plans to consolidate its London operations in central London and close its Thames Valley Park campus by the end of the year. The company also intends to close BG's offices in Aberdeen by the end of 2016 and Shell's Manchester offices by the end of 2017. ADRs fell 2.3% to $51.65.

Norway's Statoil ASA (STO, STL.OS) said Monday it had partnered with Germany's E.ON SE (EOAN.XE) to develop the 1.2 billion euro ($1.35 billion) Arkona offshore wind project off the coast of Germany, expanding into new European waters as it continues to step up its offshore wind exposure. ADRs fell 1.7% to $16.57.

Days after the European Central Bank detailed its plan to buy corporate bonds, consumer-goods giant Unilever NV (UN, UNA.AE) has sold one of the stingiest new issues: a slug of debt that pays zero coupons and will offer investors a return of practically nothing. ADRs of Unilever NV increased 25 cents to $45.30. Unilever PLC (UL, ULVR.LN) rose 22 cents to $46.21

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

April 25, 2016 17:26 ET (21:26 GMT)

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