IBM Spinoff Kyndryl to Join S&P MidCap 400
01 Novembro 2021 - 07:51PM
Dow Jones News
By Stephen Nakrosis
Kyndryl Holdings Inc., which is being spun off from
International Business Machines Corp. will join the S&P MidCap
400 before the opening of trading on Nov. 5, S&P Dow Jones
Indices said Monday.
Kyndryl is being spun off from IBM's IT infrastructure services
and will become an independent company. S&P Dow Jones Indices
said the transaction is expected to be completed Nov. 4.
Kyndryl will replace NetScout Systems Inc. which will move to
the S&P SmallCap 600, S&P Dow Jones Indices said. NetScout
will replace Invacare Corp., which is "no longer representative of
the small-cap market space," according to S&P Dow Jones
Indices.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 01, 2021 18:36 ET (22:36 GMT)
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