Press Releases
NEW YORK, Aug. 31, 2016 /PRNewswire/ -- S&P 500 constituent The Kraft Heinz Company (NASD: KHC) will replace EMC Corp. (NYSE: EMC) in the S&P 100, and Charter Communications Inc. (NASD: CHTR) will replace EMC in the S&P 500 after the close of trading on Wednesday, September 7. Privately held Dell Corp. is acquiring EMC in a deal expected to be completed on or about that date, pending final conditions.
The Kraft Heinz Company, headquartered in Pittsburgh, PA, manufactures and markets food and beverage products.
Charter Communications provides cable services. Headquartered in Stamford, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Cable & Satellite Sub-Industry index.
Following is a summary of the changes:
S&P 100 INDEX - SEPTEMBER 7, 2016 --------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ------- -------------------- ----------------- ADDED The Kraft Heinz Consumer Staples Packaged Foods & Meats Company --- ------- DELETED EMC Information Technology Technology Hardware, Storage & Peripherals --- ---------------------
S&P 500 INDEX - SEPTEMBER 7, 2016 --------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ------- -------------------- ----------------- ADDED Charter Consumer Discretionary Cable & Satellite Communications --- -------------- DELETED EMC Information Technology Technology Hardware, Storage & Peripherals --- ---------------------
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