NEW YORK, Dec. 4, 2013
/PRNewswire/ -- General Growth Properties Inc. (NYSE: GGP)
will replace Molex Inc. (NASD: MOLX) in the S&P 500 after the
close of trading on Monday, December
9. Privately held Koch Industries Inc. is acquiring Molex in
a deal expected to be completed on that date.
General Growth Properties is a real estate investment trust
(REIT) that owns, manages, leases, and redevelops regional malls.
Headquartered in Chicago, IL, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Retail REITs Sub-Industry index.
Following is a summary of the change:
|
S&P 500 INDEX
– December 9, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
General Growth
Properties
|
Financials
|
Retail
REITs
|
|
DELETED
|
Molex
|
Information
Technology
|
Electronic
Manufacturing 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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