NEW YORK, Oct. 11, 2011 /PRNewswire/ -- TE Connectivity
Ltd. (NYSE: TEL) will replace Cephalon Inc. (NASD: CEPH) in the
S&P 500 index after the close of trading on Friday, October 14. Cephalon is being acquired by
Teva Pharmaceutical Industries Ltd. (NASD: TEVA) in a deal expected
to be completed on or about that date pending final approvals.
S&P Indices will monitor this transaction, and post any
relevant updates on its website: www.standardandpoors.com.
TE Connectivity is a provider of engineered electronic
components, network solutions, specialty products, and subsea
communication systems. Headquartered in Schaffhausen, Switzerland, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard)
Electronic Manufacturing Services Sub-Industry index.
Following is a summary of the change:
|
S&P 500
INDEX – October 14, 2011
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|
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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|
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ADDED
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TE
Connectivity
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Information
Technology
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Electronic
Manufacturing Services
|
|
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DELETED
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Cephalon
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Health
Care
|
Biotechnology
|
|
|
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|
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(212) 438-3907
SOURCE Standard & Poor's