NEW YORK, July 8 /PRNewswire/ -- ACE Limited will replace Millipore Corp. in the S&P 500 index after the close of trading on Wednesday, July 14. Millipore is being acquired by S&P Global 1200 constituent Merck KGaA in a deal expected to close on or about that date.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
ACE provides a range of insurance and reinsurance products to commercial and individual customers. Headquartered in Zurich, Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Property & Casualty Insurance Sub-Industry index.
Following is a summary of the change: S&P 500 INDEX - July 14, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Property & Casualty ADDED ACE Financials Insurance ----- --- ---------- ---------- Life Sciences Tools & DELETED Millipore Health Care Services ------- --------- ----------- -------------- About S&P Indices
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