Three Companies Added to S&P 500
November 26 2018 - 5:44PM
Dow Jones News
By Patrick Thomas
Three new companies were named Monday to join the S&P 500
index, according to S&P Dow Jones Indices.
Food-processing company Lamb Weston Holdings Inc. (LW) will
replace Rockwell Collins Inc., which is being acquired by United
Technologies Corp., in the S&P 500 index, and circuit
manufacturer Maxim Integrated Products Inc. (MXIM) will replace
Aetna Inc. CVS Health Corp. is acquiring Aetna in a $69 billion
deal, which is expected to close on Wednesday.
Diamondback Energy Inc. (FANG) is also taking Stericycle Inc.'s
place in the S&P 500. Stericycle replaces Energen Corp., which
Diamondback announced it was acquiring in a $9.2 billion deal in
August, in the S&P MidCap 400.
S&P Dow Jones Indices, a division of S&P Global Inc.,
said Stericycle has a market capitalization more appropriate for
the mid-cap market space.
The changes will take effect before the opening of trading on
Dec. 3, S&P Dow Jones Indices said Monday.
The moves also mean that mutual and exchange-traded funds that
track the S&P 500 will have to add Lamb Weston, Maxim and
Diamondback Energy to their holdings.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
November 26, 2018 18:29 ET (23:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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