- Snam Rete Gas SpA (Italy, Sedol: 7251470, GICS: Utilities) will replace CMG plc (Great Britain, Sedol: 0384737, GICS: Information Technology) in the S&P Europe 350 Index after the close of trading on Friday, December 27, 2002. S&P United Kingdom component Logica plc (Great Britain, Sedol 0522708, GICS Information Technology) is acquiring CMG plc via an all-stock deal.
Following the acquisition Logica plc will rename itself LogicaCMG plc. The new number of shares outstanding will be 776,224,181. The Investable Weight Factor will remain at 1.00.
Following is a summary of the announced changes:
S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom Indices - December 27, 2002 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Snam Rete Gas | Utilities | Gas Utilities |
DELETED | CMG plc | Information Technology | IT Consulting & Services |
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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