Standard & Poor's Announces Change to U.S. Index
NEW YORK, Jan. 21 /PRNewswire-FirstCall/ -- NRG Energy Inc. (NYSE: NRG) will replace Sun Microsystems Inc. (Nasdaq: JAVA) in the S&P 500 after the close of trading on a date to be announced. Sun Microsystems is being acquired by S&P 100 & 500 constituent Oracle Corp. (Nasdaq: ORCL) in a cash deal expected to be completed soon, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
NRG Energy is a wholesale power generation company. Headquartered in Princeton, NJ, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Independent Power Producers & Energy Traders Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – TBA |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
NRG Energy |
Utilities |
Independent Power Producers & Energy Traders |
|
DELETED |
Sun Microsystems |
Information Technology |
Computer Hardware |
|
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com
SOURCE Standard & Poor's
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