Nielsen To Replace Sprint On S&P 500 Index
July 2, 2013 at 5:26 AM (PT)
NIELSEN HOLDINGS NV is joining the S&P 500, replacing SPRINT NEXTEL after the end of trading on JULY 8th. NIELSEN agreed to acquire ARBITRON INC. in DECEMBER of last year (NET NEWS 12/18/2012).
BLOOMBERG reports, "Shareholders of OVERLAND PARK, KS-based SPRINT last week approved a $21.6 billion deal with TOKYO-based SOFTBANK CORP., agreeing to give the Japanese company control of the third-largest U.S. wireless carrier after an eighth-month saga. The transaction will mean that SPRINT shares available for trading will fall below the 50% mark set by S&P as a criteria for membership of the U.S. equity benchmark index."
On NASDAQ yesterday, NIELSEN's stock was down almost 1% (31 cents) to $33.28. Follow NLSN here.
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