Lululemon to Join S&P 500 as Microsoft's Acquisition of Activision Blizzard Closes
13 Outubro 2023 - 7:32PM
Dow Jones News
By Sabela Ojea
Lululemon Athletica is joining the S&P 500 index as it
becomes one of the largest publicly traded companies in the U.S.
with a market capitalization of $49 billion.
The company's addition to the S&P 500 will become effective
on October 18.
The maker of workout gear will replace Activision Blizzard,
acquired by Microsoft in a transaction completed on Friday, the
S&P Dow Jones Indices said. The $75 billion merger just won the
backing of U.K. competition authorities after the companies spent
more than a year and a half trying to convince regulators to
approve the deal.
Lululemon's sales and stock price have recently surged even as
inflation-weary shoppers have cut back on purchases of clothing and
other products in favor of travel and experiences.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 13, 2023 18:17 ET (22:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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