NEW YORK, June 2 /PRNewswire/ -- Standard & Poor's will make the following change to the S&P MidCap 400 after the close of trading on a date to be announced:
-- Marvel Entertainment Inc. will replace The Commerce Group Inc. . The Commerce Group is being acquired by Mapfre S.A. in a deal expected to close soon.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Marvel Entertainment publishes comic books, and licenses toys and movies using its characters. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Movies & Entertainment Sub-Industry index.
Following is a summary of the change: S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Marvel Consumer Discretionary Movies & Entertainment Entertainment DELETED Commerce Group Financials Property & Casualty Insurance
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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