Tags: Vertex | Ametek | S&P 500 | SAIC | Advanced Micro Devices

Vertex, Ametek Shares to Join S&P 500 Index, Replacing AMD, SAIC

Four companies are switching places on some Standard & Poor's indices.

Vertex Pharmaceuticals and Ametek Inc. will join the S&P 500, taking the spots of Advanced Micro Devices Inc. and SAIC Inc. AMD and SAIC will take the places of Vertex and Ametek on the S&P MidCap 400.

S&P said Thursday that the moves will better align the businesses with indices more representative of their market capitalizations. Both Vertex and Ametek have market capitalizations of more than $10 billion.

The companies will switch places on Sept. 20.

S&P also announced that Capstead Mortgage Corp. will replace Rue 21 Inc. on the S&P SmallCap 600 on Sept. 19. Rue 21 is being taken private in a deal with private equity firm Apax Partners that is expected to close on that date.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Markets
Vertex Pharmaceuticals and Ametek Inc. will join the S&P 500, taking the spots of Advanced Micro Devices Inc. and SAIC Inc. AMD and SAIC will take the places of Vertex and Ametek on the S&P MidCap 400.
Vertex,Ametek,S&P 500,SAIC,Advanced Micro Devices
130
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved