NEW YORK, Sept. 14, 2012 /PRNewswire/ -- UnitedHealth Group
Inc. (NYSE: UNH) will replace Kraft Foods Inc. (NASD: KFT) in the
Dow Jones Industrial Average (DJIA) after the close of trading on
Friday, September 21, and the change
will be effective with the opening of trading on Monday, September 24. The index change was
prompted by Kraft Foods' plan to spin-off its North American
grocery business, to be named Kraft Foods Group, Inc. on
Oct. 1, 2012. Following the spin-off,
Kraft Foods Inc. will be renamed Mondelez International, Inc. The
Dow Jones Averages Index Committee believes that Mondelez's reduced
market capitalization and projected lower percentage of revenue
generated from the U.S. makes the company less representative of
the U.S. Large Cap market space.
UnitedHealth Group, headquartered in Minnetonka, MN, is a diversified health care
services company that provides health care coverage and benefits
services to tens of millions of individuals across the U.S., and
information and technology-enabled health services. The Index
Committee believes the addition of UnitedHealth Group brings added
health care diversification to the Dow Jones Industrial Average,
and reflects the growing importance of health care spending in the
U.S. economy.
The changes won't cause any disruption in the level of the
Index. The divisor used to calculate the DJIA from its components'
prices on their respective home exchanges will be changed prior to
the opening on September 24. This
procedure prevents any distortion in the DJIA's reflection of the
U.S. stock market.
For more information, see the web site of Dow Jones Indexes at
http://www.djaverages.com. The Dow Jones Transportation Average,
Dow Jones Utility Average and Dow Jones Composite Average also are
members of the Dow Jones Averages family.
Additions to and deletions from the Dow Jones Industrial Average
do not in any way reflect an opinion on the investment merits of
the companies involved.
Following is a summary of the change:
DOW
JONES INDUSTRIAL AVERAGE – Sept. 21, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
United
Health Group
|
Health
Care
|
Managed
Health Care
|
DELETED
|
Kraft
Foods
|
Consumer
Staples
|
Packaged
Foods & Meats
|
S&P Dow Jones Indices will host a teleconference call at
9:30 am New
York time to discuss the change.
Participant Information:
Live-Dial-In-Numbers:
US/Canada/All Others Toll
Free: 1-866-803-2143 & Toll: 1-210-795-1098
Country
|
Toll
Numbers
|
Toll Free
Number
|
AUSTRALIA
|
61-2-8205-8110
|
1-800-204-161
|
FRANCE
|
33-1-70-70-62-76
|
080-510-0831
|
GERMANY
|
49-69-2222-7228
|
0800-000-1654
|
UNITED
KINGDOM
|
44-20-7108-6248
|
0800-279-3953
|
Conference ID#: 1419775
Passcode: INDICES
Live Streaming: (Audio Only)
To join the event:
URL:
http://event.on24.com/r.htm?e=516927&s=1&k=CDE05146EC7052F092C04CDD083B3E61
Replay Information:
Replay Numbers:
U.S./Canada toll free #:
1-866-373-1984
U.S./Canada/All others toll #:
1-203-369-0260
Replay will expire on Friday, September
21, 2012
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