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

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

The Stoxx Europe 600 SXXP, -0.13% 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 SPX, -0.30% through Thursday. Austria’s ATX ATXEUR, -0.51% took home the crown of best performing Western European market with a 39% advance. Spain’s IBEX 35 IBEX, +0.46% brought up the rear with an 8% gain.

Hunter Douglas HDG, +69.82% 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.

 

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