S&P Announces Changes to US Indices: CEPH for GGP, ME for CEPH
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General Growth Properties Inc. (NYSE: GGP) will be removed from the S&P 500 after the close of trading on Wednesday, November 12. As of today’s close of trading General Growth Properties had a market value of approximately $128 million, ranking 500th in the index.
S&P MidCap 400 constituent Cephalon Inc. (NASDAQ: CEPH) will be added to the S&P 500, and Mariner Energy Inc. (NYSE: ME) will replace Cephalon Inc. in the S&P MidCap 400, after the close of trading on Friday, November 14. Cephalon is taking the place of General Growth Properties in the S&P 500.
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