NEW YORK, Oct. 11, 2011 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) will replace Cephalon Inc. (NASD: CEPH) in the S&P 500 index after the close of trading on Friday, October 14. Cephalon is being acquired by Teva Pharmaceutical Industries Ltd. (NASD: TEVA) in a deal expected to be completed on or about that date pending final approvals.
S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
TE Connectivity is a provider of engineered electronic components, network solutions, specialty products, and subsea communication systems. Headquartered in Schaffhausen, Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electronic Manufacturing Services Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX - October 14, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | TE Connectivity | Information Technology | Electronic Manufacturing Services | |
DELETED | Cephalon | Health Care | Biotechnology | |
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SOURCE Standard & Poor's
