Antero Resources to Replace Alleghany in S&P MidCap 400
October 17 2022 - 5:29PM
Dow Jones News
By Kathryn Hardison
Antero Resources Corp. will join the S&P MidCap 400,
replacing Alleghany Corp.
The transition will be effective prior to the beginning of
trading on Thursday, the S&P Dow Jones Indices said Monday.
Berkshire Hathaway Inc., an S&P 500 member, is acquiring
Alleghany in a deal that is expected to be completed soon, S&P
Dow Jones Indices said. Alleghany owns operating subsidiaries and
manages investments, anchored by a core position in property and
casualty reinsurance and insurance.
Antero Resources is an independent natural-gas and natural-gas
liquids company. It is involved in the acquisition, development and
production of unconventional properties located in the Appalachian
Basin in West Virginia and Ohio.
Shares of Antero rise 5.7% to $35.86 in after-hours trading.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
October 17, 2022 18:14 ET (22:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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