American Airlines Group will replace Allergan in the S&P 500 after the close of trading on Friday, March 20.
S&P 500 constituent Actavis is acquiring Allergan in a transaction expected to be completed tomorrow.
American Airlines Group is the holding company for American Airlines and US Airways. Headquartered in Fort Worth, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Airlines Sub-Industry index.
S&P Dow Jones Indices, a part of McGraw Hill Financial, is a global resource for index-based concepts, data and research.
((Comments on this story may be sent to firstname.lastname@example.org))
(c) 2015 ProQuest Information and Learning Company; All Rights Reserved., source Trade Publications