NEW YORK, May 17, 2012 /PRNewswire/ -- Kinder Morgan,
Inc. (NYSE: KMI) will replace El Paso Corp. (NYSE: EP) in the
S&P 500 index after the close of trading on Thursday, May 24. Kinder
Morgan is acquiring El Paso in a deal expected to be
completed on or about that date, pending final conditions.
Kinder Morgan owns and operates
energy transportation and storage assets. Headquartered in
Houston, TX, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Oil & Gas Storage & Transportation Sub-Industry
index.
Following is a summary of the change:
S&P
500 INDEX – May 24, 2012
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Kinder
Morgan
|
Energy
|
Oil &
Gas Storage & Transportation
|
DELETED
|
El
Paso
|
Energy
|
Oil &
Gas Storage & Transportation
|
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