General Motors Set to Join S&P 100 & 500; American International Group to Join S&P 100 PR Newswire NEW YORK, June 3, 2013 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: oGeneral 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. oAmerican 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 Financials Multi-line Insurance Group 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 S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^SM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties. STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC. "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") For more information: Dave Guarino Communications S&P Dow Jones Indices email@example.com (212) 438-1471 David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices firstname.lastname@example.org (212) 438-3907 SOURCE S&P Dow Jones Indices Website: http://www.spdji.com
General Motors Set to Join S&P 100 & 500; American International Group to Join S&P 100
Press spacebar to pause and continue. Press esc to stop.