Vertex, Ametek Shares to Join S&P 500 Index, Replacing AMD, SAIC
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Vertex Pharmaceuticals Inc. and Ametek Inc. will join the Standard & Poor’s 500 Index, replacing Advanced Micro Devices Inc. and SAIC Inc.
AMD, the second-biggest maker of personal-computer processors, is being removed because its market value is too small for the U.S. equity benchmark, S&P Dow Jones Indices said today in a statement. SAIC, a government contractor, plans to split into two companies in a transaction due to be completed this month, according to the statement from the index provider.