General Growth Properties Set to Join the S&P 500
NEW YORK, Dec. 4, 2013
NEW YORK, Dec.4, 2013 /PRNewswire/ --General Growth Properties Inc. (NYSE:
GGP) will replace Molex Inc. (NASD: MOLX) in the S&P 500 after the close of
trading on Monday, December 9. Privately held Koch Industries Inc. is
acquiring Molex in a deal expected to be completed on that date.
General Growth Properties is a real estate investment trust (REIT) that owns,
manages, leases, and redevelops regional malls. Headquartered in Chicago, IL,
the company will be added to the S&P 500 GICS (Global Industry Classification
Standard) Retail REITs Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – December 9, 2013
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED General Growth Financials Retail REITs
DELETED Molex Information Electronic Manufacturing
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