Electronic Arts IncBeing removed from S&P 500 due to pending acquisition by consortium.
S&P Dow Jones Indices announced that Ferguson Enterprises Inc. will replace Electronic Arts Inc. in the S&P 500 effective prior to the opening of trading on Wednesday, August 5. The change follows the pending acquisition of Electronic Arts by an investor consortium comprising Public Investment Fund, Silver Lake, and Affinity Partners, expected to close soon pending final conditions. In a related move, ADI Global Distribution Inc. will join the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 4, replacing Hertz Global Holdings Inc. effective prior to the opening of trading on Wednesday, August 5. ADI Global Distribution is being spun off from S&P SmallCap 600 constituent Resideo Technologies Inc. in a transaction to be completed August 4, while Hertz Global Holdings is being removed as it no longer represents the small-cap market space.
Electronic Arts IncBeing removed from S&P 500 due to pending acquisition by consortium.
Ferguson PlcJoining S&P 500, likely to attract index fund buying.
Hertz Global Holdings IncRemoved from S&P SmallCap 600 as no longer represents small-cap space.
Resideo Technologies IncSpinning off ADI Global Distribution, which may affect its index status.
S&P Global IncJoining S&P SmallCap 600 after spin-off from Resideo.