NEW YORK, Nov. 10, 2010 /PRNewswire/ -- Ingersoll-Rand plc
(NYSE: IR) will replace Pactiv Corp. (NYSE: PTV) in the S&P 500
index after the close of trading on Tuesday,
November 16. Pactiv is being acquired by Reynolds
Group Holding Ltd. in a deal expected to close on or about that
date, pending final approvals.
Standard & Poor's will monitor this transaction, and post
any relevant updates on its website: www.standardandpoors.com.
Ingersoll-Rand engages in the design, manufacture, sale, and
service of a portfolio of industrial and commercial products.
Headquartered in Swords, Ireland,
the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Industrial Machinery Sub-Industry index.
Following is a summary of the change:
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S&P
500 INDEX – November 16, 2010
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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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Ingersoll-Rand
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Industrials
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Industrial
Machinery
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DELETED
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Pactiv
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Materials
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Metal &
Glass Containers
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SOURCE Standard & Poor's