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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
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Published in Science and Technology on Tuesday, October 11th 2011 at 20:41 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
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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