NEW YORK, Dec. 5 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 after the close of trading on a date to be announced:
-- S&P MidCap 400 constituent GameStop Corp. will replace Dow Jones & Co. Inc. in the S&P 500, and BE Aerospace Inc. (NASD: BEAV) will replace GameStop in the S&P MidCap 400. Dow Jones is being acquired by S&P 500 constituent News Corp. in a deal that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
GameStop is a video game and PC entertainment software specialty retailer. Headquartered in Grapevine, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Computer & Electronics Retail Sub- Industry index.
BE Aerospace manufactures cabin interior products for commercial aircraft and business jets and distributes aerospace fasteners in the aftermarket. Headquartered in Wellington, FL, the company will be added to the S&P MidCap 400 GICS Aerospace & Defense Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX -- TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY Computer & ADDED GameStop Consumer Discretionary Electronics Retail DELETED Dow Jones & Co. Consumer Discretionary Publishing S&P MIDCAP 400 INDEX -- TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED BE Aerospace Industrials Aerospace & Defense Computer & DELETED GameStop Consumer Discretionary Electronics Retail
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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