UnitedHealth Group (UNH) to Join DJIA, Will Replace Kraft (KFT)

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UnitedHealth Group (NYSE: UNH) will replace Kraft Foods Inc. (Nasdaq: KFT) in Dow Jones Industrial Average after the close of trading Friday September 21. The change will be effective with the opening of trading on Monday, September 24.

The change was prompted by Kraft's plan to spin-off its North American grocery business, to be named Kraft Food Group on Oct. 1, 2012. Following the spin-off Kraft Foods Inc. will be renamed Mondelez.

The Dow Jones Averages Index Committee believes that Mondelez's reduced market cap and projected lower percentage of revenue generated form the U.S. makes the company less representative of the U.S. Large Cap market space.

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