ADRs End Higher; Anheuser-Busch InBev Rises

International stocks trading in New York closed higher on Wednesday.

Anheuser-Busch InBev NV (BUD, ABI.BT) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts rose 1.96% to 132.34. The European index increased 1.66% to 133.54, the Asian index improved 2.43% to 136.60, the Latin American index rose 3.03% to 172.16 and the emerging markets index increased 3.03% to 219.49.

Anheuser-Busch InBev said Wednesday that it had approached SABMiller PLC (SBMRY, SAB.LN, SAB.JO) about a takeover, paving the way for a possible deal to create a brewing giant that would dominate much of the global beer market. ADRs of AB InBev--the world's largest brewer by sales--rose 6.8% to $115.43. ADRs of SABMiller, which aren't included in the index, climbed 21% to $56.45.

West African gold producer Randgold Resources Ltd. (GOLD, RRS.LN) said it has partnered with South Africa-based AngloGold Ashanti Ltd. (AU, ANG.JO) to create a joint venture to rehabilitate the latter's Obuasi gold mine in Ghana. Under the agreement, Randgold will lead a plan to rebuild Obuasi into a viable mining business. No financial terms were disclosed. Randgold's ADRs rose 5.7% to $58.73 and AngloGold Ashanti's ADRs rose 5.4% to $7.95.

Syngenta AG (SYT, SYNN.VX) moved to further placate investors upset by the pesticide maker's resistance to Monsanto Co.'s takeover overtures by announcing a pipeline of new products with sales potential of more than $6 billion. Syngenta's ADRs rose 1.2% to $70.23.

The U.K.'s antitrust authority said Wednesday it was considering scrutinizing the proposed acquisition of Spanish telecommunications giant Telefonica SA's (TEF, TEF.MC) U.K. mobile operator O2 by Asian conglomerate CK Hutchison Holdings Ltd., owner of one of the U.K.'s smallest mobile-network operators, Three. The acquisition would more than triple Three's U.K. subscribers to 34 million and create the country's biggest mobile operator. Telefonica's ADRs rose 1.1% to $13.16.

Write to Tess Stynes at [e-mail]

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(END) Dow Jones Newswires

September 16, 2015 18:47 ET (22:47 GMT)

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