NEW YORK, Dec. 18, 2012 /PRNewswire/ -- Delphi Automotive plc (NYSE:DLPH) will replace Titanium Metals Corp. (NYSE:TIE) in the S&P 500 after the close of trading on Friday, December 21. S&P 500 constituent Precision Castparts Corp. (NYSE:PCP) is acquiring Titanium Metals in a deal expected to be completed soon pending final approvals.
Delphi Automotive manufactures vehicle components. Headquartered in Gillingham, England, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Auto Parts & Equipment Sub-Industry index.
Following is a summary of the change:
S&P 500 – December 21, 2012
GICS ECONOMIC SECTOR
Automotive Parts & Equipment
Diversified Metals & Mining
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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