NEW YORK, March 1, 2016 /PRNewswire/ -- S&P 500 constituent CONSOL Energy Inc. (NYSE: CNX) will replace Solera Holdings Inc. (NYSE: SLH) in the S&P MidCap 400, and American Water Works Company Inc. (NYSE: AWK) will replace CONSOL Energy in the S&P 500 after the close of trading on Thursday, March 3. Vista Equity Partners is acquiring Solera in a deal expected to be completed on or about that date pending final conditions.
American Water Works provides water and wastewater services. Headquartered in Voorhees, NJ, the company will be added to the S&P 500 (Global Industry Classification Standard) Water Utilities Sub-Industry index.
CONSOL Energy is an integrated energy company specializing in exploration and production and coal. Headquartered in Canonsburg, PA the company will be added to the S&P MidCap 400 GICS Coal & Consumable Fuels Sub-Industry index.
Following is a summary of the changes:
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S&P 500 INDEX – March 3, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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American Water
Works
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Utilities
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Water Utilities
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DELETED
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CONSOL Energy
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Energy
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Coal & Consumable Fuels
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S&P MIDCAP 400 INDEX – March 3, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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CONSOL Energy
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Energy
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Coal & Consumable Fuels
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DELETED
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Solera
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Information Technology
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Application Software
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Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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