ADRs End Mostly Higher; Anheuser-Busch InBev Rises

International stocks trading in New York closed mostly 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 0.17% to 131.93. The European index increased 0.28% to 131.43, the Asian index edged down 0.16% to 141.12, the Latin American index increased 0.85% to 166.15 and the emerging markets index edged up 0.03% to 225.14.

Anheuser-Busch InBev on Wednesday said it had formally agreed to buy SABMiller PLC for 69.8 billion British pounds ($105.5 billion), a deal that creates a brewing behemoth that will sell roughly one in three beers world-wide. As part of that deal, SABMiller has agreed to sell its 58% share in the MillerCoors LLC joint venture to its partner, Molson Coors Brewing Co., which holds the remaining stake, as well as the Miller portfolio outside the U.S. for $12 billion. ADRs of Anheuser-Busch InBev rose 2.8% to $121.63.

Alibaba Group Holding Ltd. (BABA) reported blockbuster sales for Singles' Day, further highlighting the resilience of the Chinese consumer despite a flagging economy. This year's annual sale, a sales event Alibaba started in 2009, is being closely watched in part for signs of an impact from decelerating growth in the world's second-largest economy. However, ADRs of the Chinese e-commerce giant fell 1.9% to $79.85.

Banco Bradesco SA (BBDO, BBDC4.BR, BBD) confirmed Wednesday that the heads of two of its insurance units were killed Tuesday night in a small plane crash, along with the plane's pilot and co-pilot. ADRs of the Brazilian lender fell six cents to $6.36.

The heads of BHP Billiton and Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR)--two of the world's biggest mining companies--made an appearance Wednesday, nearly a week since a dam at their Samarco Mineracao SA joint venture burst last week. The CEOs didn't provide an explanation as to what may have caused the disaster. ADRs of BHP Billiton Ltd. (BHP, BHP.AU) fell 3.2% to $28.93, while BHP Billiton PLC (BBL, BLT.LN) decreased 3.2% to $27.98 and Vale fell 1.7% to $4.04.

Advertising firm WPP PLC (WPPGY, WPP.LN) said that its GroupM unit has acquired a majority stake in mobile marketing agency Yonder Media in South Africa for an undisclosed sum. Established in 2005, Yonder Media is a mobile-first digital and social media agency. ADRs of WPP rose 2.5% to $114.98.

Write to Tess Stynes at [e-mail]

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(END) Dow Jones Newswires

November 11, 2015 17:44 ET (22:44 GMT)

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