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

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

Add to watchlist XX:SXXP

STOXX Europe 600 Index

XX : STOXX

431.10

+3.11 +0.73%

Volume: 0.00

May 20, 2022 11:03p

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

3,901.36

+0.57 +0.01%

Volume: 3.00B

May 20, 2022 5:03p

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ATX Index

AT : Wiener Borse

3,219.04

+13.12 +0.41%

Volume: 0.00

May 20, 2022 5:50p

/zigman2/quotes/210597995/delayed

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IBEX 35 Index

XX : Spain: Madrid

8,484.50

+78.50 +0.93%

Volume: 172.38M

May 20, 2022 5:38p

/zigman2/quotes/205256050/delayed

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Hunter Douglas N.V.

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