Sun Communities IncJoining S&P MidCap 400, a significant index inclusion event.
S&P Dow Jones Indices announced that Reddit will replace AvalonBay Communities in the S&P 500 effective before the open of trading on Tuesday, August 18. The change comes as S&P 500 constituent Equity Residential is acquiring AvalonBay Communities in a deal expected to close soon, with the combined company to be renamed Vivmark Residential and remain in the index. Sun Communities will replace Webster Financial in the S&P MidCap 400 effective before the open on Thursday, August 20, as Banco Santander is acquiring Webster Financial in a deal also expected to close soon. Reddit is classified in the Communication Services sector, while Sun Communities is in Real Estate.
Sun Communities IncJoining S&P MidCap 400, a significant index inclusion event.
AvalonBay Communities IncBeing acquired by Equity Residential, leading to removal from S&P 500.
Equity ResidentialAcquiring AvalonBay, with combined company remaining in S&P 500.
Reddit, Inc.Joining S&P 500, a significant index inclusion event.
Webster Financial CorporationBeing acquired by Banco Santander, leading to removal from S&P MidCap 400.
Banco Santander S.A.
S&P Global Inc