NEW YORK, Oct. 29, 2014
/PRNewswire/ -- Level 3 Communications Inc. (NYSE: LVLT) will
replace Jabil Circuit Inc. (NYSE: JBL) in the S&P 500, and
Jabil Circuit will replace TW Telecom Inc. (NASD: TWTC) in the
S&P MidCap 400 after the close of trading on Tuesday, November 4. Level 3 Communications is
acquiring TW Telecom in a deal expected to be completed soon
pending final conditions.
Level 3 Communications operates as a facilities-based provider
of a range of integrated communications services. Headquartered in
Broomfield, CO, the company will
be added to the S&P 500 GICS (Global Industry Classification
Standard) Alternative Carriers Sub-Industry index.
Jabil Circuit provides electronic manufacturing services and
solutions. Headquartered in St.
Petersburg, FL, the company will be added to the S&P
MidCap 400 GICS (Global Industry Classification Standard)
Electronic Manufacturing Services Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX
– November 4, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Level 3
Communications
|
Telecommunications
Services
|
Alternative
Carriers
|
|
DELETED
|
Jabil
Circuit
|
Information
Technology
|
Electronic
Manufacturing Services
|
|
S&P MIDCAP 400
INDEX – November 4, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Jabil
Circuit
|
Information
Technology
|
Electronic
Manufacturing Services
|
|
DELETED
|
TW Telecom
|
Telecommunications
Services
|
Alternative
Carriers
|
|
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.
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