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Dec. 31, 2021, 8:05 a.m. EST

European stocks slip in half-day of trade, while Hunter Douglas jumps on buyout deal

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By Steve Goldstein

European stocks fizzled on the final day of a successful year, while Hunter Douglas shares surged on a buyout.

The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.73% slipped 0.1% in a half-day of trade for markets in London, Paris and Amsterdam. Several other European exchanges, including Germany, Italy and Spain, were closed.

The Stoxx Europe 600 ended the year with a 22% gain, underpeforming what’s been a 27% advance for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.01% through Thursday.

Austria’s ATX /zigman2/quotes/210598008/delayed AT:ATXEUR +0.41% took home the crown of best performing Western European market with a 39% advance. Spain’s IBEX 35 /zigman2/quotes/210597995/delayed XX:IBEX +0.93% brought up the rear with an 8% gain.

Hunter Douglas /zigman2/quotes/205256050/delayed NL:HDG -0.23% was Friday’s most notable mover, surging 70% on a deal for 3G Capital to buy 75% of the home furnishing company at a valuation of $7.1 billion. The Sonnenberg family will keep a 25% stake.

/zigman2/quotes/210599654/delayed
XX : STOXX
431.10
+3.11 +0.73%
Volume: 0.00
May 20, 2022 11:03p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
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/zigman2/quotes/210598008/delayed
AT : Wiener Borse
3,219.04
+13.12 +0.41%
Volume: 0.00
May 20, 2022 5:50p
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/zigman2/quotes/210597995/delayed
XX : Spain: Madrid
8,484.50
+78.50 +0.93%
Volume: 172.38M
May 20, 2022 5:38p
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/zigman2/quotes/205256050/delayed
NL : Netherlands: Euronext Amsterdam
174.00
-0.40 -0.23%
Volume: 11,630
May 20, 2022 5:35p
P/E Ratio
16.45
Dividend Yield
0.00%
Market Cap
€6.08 billion
Rev. per Employee
€163,704
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