GM’s place in the S&P 500 will be taken by S&P MidCap 400 constituent DeVry Inc. (NYSE: DV) and S&P SmallCap 600 constituent Aaron’s Inc. (AAN) will replace DeVry in the S&P MidCap 400. Cbeyond (Nasdaq: CBEY) will replace Aaron’s in the S&P SmallCap, the announcement said.
DeVry is a provider of post-secondary education headquartered in Oakbrook Terrace, Illinois. The company will be added to the S&P 500 GICS (Global Industry Classification Standard) Education Services Sub-Industry index.
Aaron’s is a specialty retailer of consumer electronics, computers, residential and office furniture, household appliances and accessories headquartered in Atlanta, Georgia. The company will be added to the S&P MidCap 400 GICS Homefurnishing Retail Sub-Industry index.
Cbeyond is a provider of managed Internet Protocol based and communications services headquartered in Atlanta, Georgia. The company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index.
Standard & Poor’s said it will monitor these transactions, and post any relevant updates on its Web site: www.standardandpoors.com .
GM also will be removed from the Dow Jones Industrial Average at the end of the week (see Citi, GM Lose Their Spots on the DJIA ).
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