By Kimberly Chin
International stocks trading in New York closed lower on Tuesday. The S&P/BNY Mellon index of American depositary receipts fell 2.2% to 160.08. The European index tumbled 2.1% to 140.93. The Asian index declined 2.4% to 217.35. The Latin American index decreased 3% to 185.03. And the emerging-markets index fell 2.4% to 353.30.
Teva Pharmaceutical Industries Ltd.'s ADRs rose 3.9% after the company said its U.S. affiliate, Teva Pharmaceuticals, has reached an agreement with the attorney general of Louisiana that settles the state's opioid-related claims.
Under the terms of the settlement, Teva will pay Louisiana $15 million over an 18-year period and will provide an additional donation of lifesaving medicines to aid in opioid addiction and recovery, valued at $3 million.
Atlas Copco AB's ADRs, which trade over the counter, tumbled 4.5% after the Swedish industrial tool maker said Tuesday that it has acquired AEP, a French service provider and distributor of compressors, for an undisclosed sum. Atlas Copco said the purchase price isn't material relative to its market capitalization.
ADRs of Banco Santander SA slipped 3.2% on Tuesday despite the Spanish bank saying that it will return some 1.7 billion euros ($1.99 billion) to shareholders from earnings this year, through dividend payments and a share buyback, in light of the lifting of European Union recommendations on limits to shareholder remuneration.
Write to Kimberly Chin at email@example.com
(END) Dow Jones Newswires