European shares end lower as Bayer gives up gains

miércoles 14 de septiembre de 2016 12:29 GYT
 

* STOXX 600 down 0.1 pct

* Bayer strikes deal to buy Monsanto

* Energy stocks suffer from oil slump

* Ocado and luxury stocks fall

* DKSH gains after upgrade (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

By Alistair Smout and Kit Rees

LONDON, Sept 14 (Reuters) - European shares ended slightly lower on Wednesday, giving up earlier gains as oil and luxury stocks declined, with Bayer closing off its highs after clinching a $66 billion deal to buy Monsanto.

German drug and chemical company Bayer finished with a gain of only 0.3 percent, having been up as much as 4.7 percent after news of the deal broke.

The $128-a-share deal was cheaper than many analysts expected, with some saying that it would help Bayer to maintain its competitive position.   Continuación...