ADRs End Mostly Higher; ARM Holdings Declines

International stocks trading in New York closed mostly higher on Wednesday.

ARM Holdings PLC (ARMH, ARM.LN) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts edged up 0.04% to 111.13. The European index rose 0.2% to 111.53, the Asian index eased 0.4% to 116.97, the Latin American index increased 0.8% to 136.39 and the emerging markets index rose 0.5% to 193.12.

ARM Holdings PLC (ARMH, ARM.LN) has fanned concerns about how fast and how profitable its growth will be given less vibrant demand for smartphones, sending the U.K. chip design company's ADRs lower Wednesday despite sturdy fourth-quarter earnings. ARM Holdings fell 8.8% to $37.74.

Anheuser-Busch InBev NV (BUD, ABI.BT) said it has received a binding offer valued at about $2.8 billion in cash from Japan's Asahi Group Holdings Inc. for the Peroni and Grolsch brands. A deal would be contingent upon AB InBev closing its roughly $108 billion acquisition of SABMiller. AB InBev's ADRs rose 18 cents to $116.29.

A consortium of Chinese companies has bid $1.2 billion to buy Opera Software ASA, a Norwegian maker of Internet browsers, the latest sign of how a weakening currency has left China's acquisition appetite unperturbed. The Chinese bidders, including security software firm Qihoo 360 Technology Co. (QIHU) and gaming company Beijing Kunlun Tech Co., on Wednesday offered to purchase Opera for 71 Norwegian kroner ($8.33) a share, a 46% premium compared with their last trading level. Qihoo's ADRs rose 1.1% to $69.60.

Write to Tess Stynes at [e-mail]

(END) Dow Jones Newswires

February 10, 2016 18:23 ET (23:23 GMT)

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