S&P Changes: NYX, TIE Going in the S&P 500
NYSE Euronext, Inc. (NYSE: NYX) will replace Limited Brands Inc. (NYSE: LTD) in the S&P 100 and Hilton Hotels Corp. Inc. (NYSE: HLT) in the S&P 500 after the close of trading on Wednesday, October 24. Hilton is being acquired by The Blackstone Group in a deal expected to close on or about that date, pending final approvals. Limited Brands will remain in the S&P 500. At today’s close of trading, Limited Brands had a market capitalization of approximately $7.9 billion, ranking 100th in the S&P 100.
Titanium Metals Corp. (NYSE: TIE) will replace Bausch & Lomb Inc. (NYSE: BOL) in the S&P 500 after the close of trading on a date to be announced. Bausch & Lomb is being acquired by Warburg Pincus in a deal still pending final approvals.
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