LyondellBasell Industries Set to Join the S&P 500
NEW YORK, Aug. 29, 2012 /PRNewswire via COMTEX/ -- LyondellBasell Industries NV
(LYB) will replace Sears Holdings Corp. (nasd:SHLD) in the S&P 500 after the
close of trading on Tuesday, September 4. Sears' public float has been well below
the 50% threshold for inclusion for an extended period of time and is no longer
considered representative of the index.
LyondellBasell Industries manufactures and sells chemicals and polymers, refines
crude oil, produces gasoline blending components, and develops and licenses
technologies for the production of polymers. Headquartered in Rotterdam, The
Netherlands, the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Specialty Chemicals Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX- September 4, 2012
COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRY
ADDEDLyondellBasell MaterialsSpecialty Chemicals
DELETEDSears Holdings Consumer Discretionary Department Stores
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