NEW YORK, May 24, 2016 /PRNewswire/ -- S&P MidCap
400 constituent Arthur J. Gallagher
& Co. (NYSE: AJG) will replace Coca-Cola Enterprises, Inc.
(NYSE: CCE) in the S&P 500, S&P SmallCap 600 constituent
Education Realty Trust Inc. (NYSE: EDR) will replace Arthur J. Gallagher in the S&P MidCap 400,
and American Axle & Manufacturing Holdings Inc. (NYSE: AXL)
will replace Education Realty Trust in the S&P SmallCap 600
after the close of trading on Friday, May
27. Coca Cola Enterprises is merging with Coca-Cola Iberian
Partners SA and Coca-Cola Erfrischungsgetränke AG to form a new
company called Coca-Cola European Partners Plc in a deal expected
to be completed on or about that date pending final conditions.
Coca-Cola European Partners will be considered to be domiciled in
Spain for index purposes and will
be ineligible for continued inclusion in the S&P 500.
Arthur J. Gallagher & Co
provides insurance brokerage and risk management services.
Headquartered in Itasca, IL, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Insurance Brokers Sub-Industry index.
Education Realty Trust, a real estate investment trust (REIT),
develops, acquires, owns, and manages collegiate housing
communities located near university campuses. Headquartered in
Memphis, TN, the company will be
added to the S&P MidCap 400 GICS Residential REITs Sub-Industry
index.
American Axle & Manufacturing Holdings designs, engineers,
validates, and manufactures driveline and drivetrain systems, and
related components and chassis modules for the automotive industry.
Headquartered in Detroit, MI, the
Company will be added to the S&P SmallCap 600 GICS Auto Parts
& Equipment Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– MAY 27, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Arthur J Gallagher
& Co.
|
Financials
|
Insurance
Brokers
|
DELETED
|
Coca-Cola
Enterprises
|
Consumer
Staples
|
Soft
Drinks
|
S&P MIDCAP 400
INDEX – MAY 27, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Education Realty
Trust
|
Financials
|
Residential
REITs
|
DELETED
|
Arthur J Gallagher
& Co.
|
Financials
|
Insurance
Brokers
|
S&P SMALLCAP
600 INDEX – MAY 27, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
American Axle &
Manufacturing Holdings
|
Consumer
Discretionary
|
Auto Parts &
Equipment
|
DELETED
|
Education Realty
Trust
|
Financials
|
Residental
REITs
|
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visit www.spdji.com
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visit:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-set-to-join-the-sp-500-education-realty-trust-to-join-sp-midcap-400-american-axle--manufacturing-holdings-to-join-sp-smallcap-600-300274400.html
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