Foot Locker to Join S&P 500
28 Março 2016 - 8:10PM
Dow Jones News
Foot Locker Inc. will replace Cameron International Corp. in the
S&P 500 index after the close of trading on April 1, according
to S&P Dow Jones Indices.
Houston-based Cameron International is being bought out by oil
services giant Schlumberger Ltd. in a cash-and-stock deal valued at
$12.7 billion.
Meanwhile, real-estate investment trust DCT Industrial Trust
Inc. will take over Foot Locker's spot in the S&P MidCap
400.
Shares of companies that join the S&P 500 often rise as
portfolio managers who track the index buy shares.
Foot Locker's shares, up 5% over the past 12 months, rose 1.8%
to $66.35 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
March 28, 2016 18:55 ET (22:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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