ITUB4 Itau Unibanco Holding SA

By Micah Maidenberg

The S&P/BNY Mellon of American depositary receipts fell almost 1% Monday to 151.99. The European index closed at 124.59, 1% lower. The emerging-markets and the Asian indexes dropped 1.3% and 0.8%, respectively, closing at 395.57 and 222.46. The index for Latin American ADRs decreased 1.6% to 193.17.

ADRs for AstraZeneca PLC dropped 7.8% to $50.03 in heavy trading as investors digested the British company's plan to purchase Alexion Pharmaceuticals Inc. for $39 billion in cash and stock. The proposed deal values shares of Alexion at $175.

Itau Unibanco Holdings SA's ADRs also traded actively.

The Brazilian bank on Monday announced several changes to its executive committee, efforts it said would help the company speed up decision making and simplify its operations. The changes to its executive ranks include assigning leaders oversight over its retail bank, automobile loans as well as wealth management and related services.

In addition, the company said it will create a new structure to oversee a range of activities, including corporate products and trading, as well as its operations in South America outside of Brazil.

Itau's ADRs closed the day down 3% to $6.05.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

December 14, 2020 17:26 ET (22:26 GMT)

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