ADRs End Higher
October 11 2017 - 6:14PM
Dow Jones News
International stocks trading in New York closed higher
Thursday.
The BNY Mellon index of American depositary receipts rose 0.1%
to 150.75. The European index improved 0.1% to 140.51. The Asian
index increased 0.1% to 174.73. The Latin American index rose 0.1%
to 256.53, and the emerging-markets index increased 0.2% to
326.77.
ADRs of Royal Philips NV (PHG) fell 0.9% to $41.19 after it said
it has agreed with the U.S. Department of Justice to suspend
production and distribution of external defibrillators manufactured
at its facilities in Andover, Mass., and Bothell, Wash. The company
said the suspension, brought about following inspections in and
before 2015, is expected to cost 20 million euros ($23.6 million)
on its earnings before interest, taxes and amortization in the
fourth quarter of 2017 and of EUR60 million in 2018.
ADRs of Unilever PLC (UL) rose 0.8% to $58.33 after the company
said it had launched a partial cash offer for 6% and 7% preference
shares.
STMicroelectronics NV (STM) announced an early redemption of
outstanding bonds of the $400 million, 1.00% convertible bond
offering due in 2021. ADRs rose 1.3% to $20.02.
(END) Dow Jones Newswires
October 11, 2017 17:59 ET (21:59 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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