Transocean Set to Join the S&P 500
NEW YORK, Oct. 21, 2013 /PRNewswire via COMTEX/ --
Transocean Ltd. (NYSE:RIG) will replace Dell Inc. (NASD:DELL) in the S&P 500 after the close of trading on Monday, October 28. Founder Michael Dell and Silver Lake Partners are acquiring Dell in a deal expected to be completed soon pending final conditions.
Transocean provides offshore contract drilling services for oil and gas wells. Headquartered in Zug, Switzerland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Drilling Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX - October 28, 2013
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Transocean Energy Oil & Gas Drilling
DELETED Dell Information Technology Computer Hardware
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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