Science & Technology
Mon, October 17, 2011Sun, October 16, 2011Fri, October 14, 2011Thu, October 13, 2011Wed, October 12, 2011Tue, October 11, 2011Mon, October 10, 2011Sun, October 9, 2011Sat, October 8, 2011Fri, October 7, 2011S&P Indices Announces Change to U.S. Index
Published in Science and Technology on Tuesday, October 11th 2011 at 20:41 GMT by Market Wire
S&P Indices Announces Change to U.S. Index -- NEW YORK, Oct. 11, 2011 /PRNewswire/ --
S&P Indices Announces Change to U.S. Index
NEW YORK, Oct. 11, 2011 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: [ TEL ]) will replace Cephalon Inc. (NASD: CEPH) in the S&P 500 index after the close of trading on Friday, October 14. Cephalon is being acquired by Teva Pharmaceutical Industries Ltd. (NASD: TEVA) in a deal expected to be completed on or about that date pending final approvals.
S&P Indices will monitor this transaction, and post any relevant updates on its website: [ www.standardandpoors.com ].
TE Connectivity is a provider of engineered electronic components, network solutions, specialty products, and subsea communication systems. Headquartered in Schaffhausen, Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electronic Manufacturing Services Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – October 14, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | TE Connectivity | Information Technology | Electronic Manufacturing Services | |
DELETED | Cephalon | Health Care | Biotechnology | |
For more information about S&P Indices, please visit [ www.standardandpoors.com/indices ].
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: [ MHP ]), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: [ www.standardandpoors.com/indices ].
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE Standard & Poor's
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