NEW YORK, Nov. 26, 2012 /PRNewswire/ -- Dollar General Corp. (NYSE:DG) will replace Cooper Industries plc (NYSE:CBE) in the S&P 500 after the close of trading on Friday, November 30. S&P 500 constituent Eaton Corp. (NYSE:ETN) is acquiring Cooper Industries in a deal expected to be completed on or about that date pending final approvals.
Dollar General operates as a discount retailer. Headquartered in Goodlettsville, TN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) General Merchandise Stores Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – November 30, 2012
GICS ECONOMIC SECTOR
General Merchandise Stores
Electrical Components & Equipment
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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