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.