NEW YORK, July 1, 2013 /PRNewswire/ --Nielsen Holdings N.V. (NYSE: NLSN) will replace Sprint Nextel Corp. (NYSE: S) in the S&P 500 after the close of trading on Monday, July 8. SoftBank Corp. is acquiring a substantial stake in Sprint in a deal expected to be completed soon pending final approvals. As a result of the transaction, Sprint's public float is expected to fall substantially below the 50% public float criteria necessary for continued inclusion in the index.
Nielsen Holdings is an information and measurement company. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Research & Consulting Services Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX - July 8, 2013
GICS ECONOMIC SECTOR
Research & Consulting Services
Wireless Telecommunication Services
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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