Ferguson Enterprises to Replace Electronic Arts in S&P 500

Corporate Action
โดย Dow Jones·Read original
Summary · why it matters

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Resideo Technologies Inc. in a transaction to be completed August 4, while Hertz Global Holdings is being removed as it no longer represents the small-cap market space.

Impact on stocks 5

Communication Services · 1 stocks
Electronic Arts Inc
EA
▼ NegativeCapitalrelevance

Being removed from S&P 500 due to pending acquisition by consortium.

Climate Adaptation & Water · 1 stocks
Ferguson Plc
FERG
▲ PositiveCapitalrelevance

Joining S&P 500, likely to attract index fund buying.

Industrials · 1 stocks
Smart City / Autonomous Infrastructure · 1 stocks
Cloud & Digital Infrastructure · 1 stocks

Off-coverage companies 4

ADI Global DistributionPrivate▲ Positive
Capitalrelevance

Joining S&P SmallCap 600 after spin-off from Resideo.

Affinity PartnersPrivate± Mixed
relevance

Public Investment FundPrivate± Mixed
relevance

Silver LakePrivate± Mixed
relevance