Late yesterday, McGraw-Hill's (NYSE:MHP) Standard & Poor's unit said TE Connectivity would join the S&P 500 index following the close of trading on Friday.
It will replace Cephalon (NASDAQ:CEPH) which is due to be acquired by Teva Pharmaceuticals (NASDAQ:TEVA) on or about that date.
TE Connectivity makes engineered electronic components, network solutions, specialty products and subsea communications systems.
On the components side, it competes with Molex (NASDAQ:MOLX), and on the telecommunications side with Alcatel-Lucent (NYSE:ALU) and Corning (NYSE:GLW).
For MarketNewsVideo.com, I'm Kristin Bianco.
All videos » Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer. View the original article here
No comments:
Post a Comment