Michael Kors to Replace NYSE Euronext in S&P Index on November 12
Previously announced addition Michael Kors Holdings Limited (NYSE: KORS) will replace NYSE Euronext Inc. (NYSE: NYX) in the S&P 500 after the close of trading on Tuesday, November 12. S&P 500 constituent IntercontinentalExchange Inc. (NYSE: ICE) is acquiring NYSE Euronext in a deal expected to be completed on or about that date.
Michael Kors engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. Headquartered in Hong Kong, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – Tuesday, November 12, 2013
GICS ECONOMIC SECTOR
Michael Kors Holdings
Apparel Accessories & Luxury Goods
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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