Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kraft Foods Group to Replace Alpha Natural Resources in S&P 500

Sept. 25 (Bloomberg) -- Kraft Foods Group will replace Alpha Natural Resources Inc. in the Standard & Poor’s 500 Index, according to a statement from the index provider.

The grocery company, which is due to be spun off from Kraft Foods Inc. next month, will be added to the U.S. equity benchmark after the close of trading on Oct. 1, the statement said. Kraft Foods Inc., which is changing its name to Mondelez, will remain in the index, S&P said.

Alpha Natural Resources Inc., the second-largest U.S. coal producer, will be moved to the S&P Midcap 400 Index because its market value is too low, S&P said. The company’s shares are worth $1.4 billion, according to data compiled by Bloomberg.

Kraft shares added 1 percent to $41.78 at 5:31 p.m. in New York, while Alpha Natural fell 2 percent to $6.41 in after-hours trading.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.