NEW YORK, June 3, 2013 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 100
and 500 indices after the close of trading on Thursday, June 6:
- General Motors Co. (NYSE:GM) will replace H. J. Heinz Co.
(NYSE:HNZ) in the S&P 100 and 500 indices. An investment
consortium comprised of S&P 100 and 500 constituent Berkshire
Hathaway Inc. (NYSE:BRKb) and an investment fund affiliated with 3G
Capital is acquiring Heinz in a deal expected to be completed on or
about that date.
- American International Group Inc. (NYSE:AIG) will replace Baker
Hughes Inc. (NYSE:BHI) in the S&P 100. Baker Hughes has a total
market capitalization below $21
billion and is no longer representative of the mega-cap
market space. Baker Hughes will remain in the S&P 500.
General Motors designs, manufactures, and markets cars,
crossovers, trucks, and automobile parts. Headquartered in
Detroit, MI, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Automobile Manufacturers Sub-Industry index.
American International Group is headquartered in New York, NY.
Following is a summary of the changes:
|
S&P 100 INDEX
– June 6, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
General
Motors
|
Consumer
Discretionary
|
Automobile
Manufacturers
|
|
American
International Group
|
Financials
|
Multi-line
Insurance
|
|
DELETED
|
Heinz
|
Consumer
Staples
|
Packaged Foods &
Meats
|
|
Baker
Hughes
|
Energy
|
Oil & Gas
Equipment & Services
|
|
|
S&P 500 INDEX
– June 6, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
General
Motors
|
Consumer
Discretionary
|
Automobile
Manufacturers
|
|
DELETED
|
Heinz
|
Consumer
Staples
|
Packaged Foods &
Meats
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
About S&P Dow Jones Indices
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McGraw-Hill Companies is the world's largest, global resource for
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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
(212) 438-3907
SOURCE S&P Dow Jones Indices
