ADRs End Higher; ARM Holdings Soars
18 Luglio 2016 - 11:46PM
Dow Jones News
International stocks trading in New York closed higher on
Monday.
ARM Holdings PLC (ARMH, ARM.LN) was among the companies with
ADRs that traded actively.
The BNY Mellon index of American depositary receipts rose 0.61%
to 126.31. The European index increased 0.45% to 122.30, the Asian
index improved 0.71% to 136.54, the Latin American index rose 1.8%
to 198.39 and the emerging markets index increased 1.3% to
245.36.
ADRs of ARM Holdings climbed 41% to $66.17 after the U.K.-based
chip designer confirmed Monday that it agreed to a buyout offer
valued at more than $32 billion from SoftBank Group Corp., marking
a significant push for the Japanese telecommunications giant into
the mobile internet.
The venture capital arm of Nokia Corp. (NOK, NOKIA.HE) led a
funding round of $10 million in Swedish digital health startup
Lifesum, a move increasing the Finnish telecom equipment-maker's
presence in the rapidly growing connected health market. ADRs of
Nokia fell 1.2% to $5.85.
Almost 400 union members working across eight Royal Dutch Shell
PLC's (RDSA, RDSA.LN) oil and gas platforms in the U.K. North Sea
have voted to strike July 26 in a dispute over pay cuts, Unite
union said Monday. The members work for oil services company Wood
Group PLC. Wood Group and Shell weren't immediately available to
comment. Shell's ADRs fell 0.9% to $55.71.
Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) was set
Monday to complete one of the largest bond deals of the year to
help fund its purchase of Allergan PLC's (AGN) generics business,
becoming the latest company to take advantage of attractive
financing conditions with a massive debt offering. ADRs of the
Israel-based pharmaceutical company rose 11 cents to $54.10.
Turkish stocks and bonds tumbled on Monday, reflecting investor
uncertainty over how a failed coup attempt will affect the
country's economy and politics. ADRs of the country's biggest
mobile phone operator, Turkcell Iletisim Hizmetleri AS (TKC,
TCELL.IS), fell 4.9% to $9.11.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
July 18, 2016 17:31 ET (21:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Grafico Azioni Arm Holdings Plc ADS Each Representing 3 Ordinary Shares (MM) (NASDAQ:ARMH)
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Grafico Azioni Arm Holdings Plc ADS Each Representing 3 Ordinary Shares (MM) (NASDAQ:ARMH)
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Da Gen 2024 a Gen 2025