S&P 500 to Add ADT and Pentair LTD

Lexmark and DeVry will move to S&P MidCap 400

   

S&P 500 to Add ADT and Pentair LTD

The S&P 500 is shuffling its mix, with two companies joining the index and two others departing.

Joining the S&P 500 are home and business security service provider ADT and industrial equipment maker Pentair LTD, CBS News noted.

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Leaving the list will be computer printer maker Lexmark International (NYSE:LXK) and DeVry Inc. (NYSE:DV). Those companies will in turn join the S&P MidCap 400 list.

Lexmark will replace RadioShack (NYSE:RSH) on the S&P MidCap 400 list. S&P officials indicated that RadioShack’s current market capitalization is insufficient to remain on the S&P 1500 list.

The changes will go into effect after the close of trading on Friday.

ADT is in the process of separating from Tyco International (NYSE:TYC). Pentair LTD will be formed from the combination of Pentair Inc. (NYSE:PNR) and Tyco’s flow control business.

The spinoffs will be finalized by the end of this week.


Article printed from InvestorPlace Media, http://investorplace.com/2012/09/sp-500-to-add-adt-and-pentair-ltd/.

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