NEW YORK, Dec. 19, 2018 /PRNewswire/ -- Celanese Corp. (NYSE: CE) will replace Express Scripts Holding Co. (NASD: ESRX) in the S&P 500 effective prior to the open of trading on Monday, December 24. S&P 500 constituent Cigna Corp. (NYSE:CI) is acquiring Express Scripts Holding in a deal expected to close soon pending final conditions. Post-merger, Cigna will change its Global Industry Classification Standard (GICS) Sub-Industry group to Health Care Services from Managed Health Care.
Celanese manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products. Headquartered in Irving, TX, the company will be added to the S&P 500 Global GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – DECEMBER 24, 2018
GICS ECONOMIC SECTOR
Health Care Services
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
S&P Dow Jones Indices
View original content:http://www.prnewswire.com/news-releases/celanese-set-to-join-sp-500-300769217.html
SOURCE S&P Dow Jones Indices