ADRs End Mostly Higher; Alibaba, Teva Trade Actively
August 07 2017 - 6:17PM
Dow Jones News
International stocks trading in New York closed mostly higher
Monday.
The BNY Mellon index of American depositary receipts increased
0.31% to 147.02. The Asian index improved 0.9% to 169.86. The Latin
American index increased 0.91% to 240.67. And the emerging-markets
index rose 1.28% to 312.96.
Meanwhile, the European index eased 0.05% to 137.77.
Alibaba Group Holding Ltd. (BABA) and Teva Pharmaceutical
Industries Ltd. among those with ADRs that traded actively.
Alibaba said it would team up with U.S. hotel company Marriott
International Inc. to expand its online-travel footprint as more
residents from China venture abroad. ADRs rose 3.6% to $158.84.
Fresenius Medical Care AG (FMS, FME.XE) said on Monday it would
acquire NxStage Medical Inc. for around $2 billion to bolster its
kidney-dialysis business. The German company, which is the world's
largest provider of dialysis products and services, said it would
acquire all outstanding shares of NxStage for $30 each. The deal
has been approved by NxStage's board, but still requires approval
by NxStage stockholders and regulators, Fresenius Medical Care said
in a statement. ADRs closed down 0.67% at $46.14.
ADRs of Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) fell
10% to $18.59 on Monday, after analysts at Morgan Stanley
downgraded Teva to underweight and cut the price target on shares
to $16 from $36. The latest analyst downgrade follows Teva's
sluggish second-quarter earnings report and dividend cut last
week.
(END) Dow Jones Newswires
August 07, 2017 18:02 ET (22:02 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Fresenius Medical Care (NYSE:FMS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fresenius Medical Care (NYSE:FMS)
Historical Stock Chart
From Sep 2023 to Sep 2024