Ferguson Enterprises to Replace Electronic Arts in S&P 500

Dow Jones··Read original
2▲1 ▼2Impact / 5
Summary · why it matters

S&P Dow Jones Indices announced that Ferguson Enterprises Inc. will replace Electronic Arts Inc. in the S&P 500 effective prior to the opening of trading on Wednesday, August 5. The change follows the pending acquisition of Electronic Arts by an investor consortium comprising Public Investment Fund, Silver Lake, and Affinity Partners, expected to close soon pending final conditions. In a related move, ADI Global Distribution Inc. will join the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 4, replacing Hertz Global Holdings Inc. effective prior to the opening of trading on Wednesday, August 5. ADI Global Distribution is being spun off from S&P SmallCap 600 constituent Resideo Technologies Inc. in a transaction to be completed August 4, while Hertz Global Holdings is being removed as it no longer represents the small-cap market space.

Impact on assets 5

Communication Services▼
Electronic Arts Inc
EA
▼ NegativeCapitalrelevance

Being removed from S&P 500 due to pending acquisition by consortium.

Climate Adaptation & Water▲
Ferguson Plc
FERG
▲ PositiveCapitalrelevance

Joining S&P 500, likely to attract index fund buying.

Industrials▼
Smart City / Autonomous Infrastructure▲
Cloud & Digital Infrastructure▲

Off-coverage companies 4

ADI Global Distributioni
Private▲ PositiveCapitalrelevance

Joining S&P SmallCap 600 after spin-off from Resideo.

Affinity Partnersi
Private± Mixedrelevance

Public Investment Fundi
Private± Mixedrelevance

Silver Lakei
Private± Mixedrelevance