Arista to Replace GGP in S&P 500 Index
August 23 2018 - 7:45PM
Dow Jones News
By Micah Maidenberg
Arista Networks Inc. (ANET) will join the S&P 500 ahead of
trading on Aug. 28, S&P Dow Jones Indices said Thursday, with
the cloud-networking company replacing GGP Inc. (GGP) in the
benchmark index.
Arista is taking GGP's place because Brookfield Property
Partners LP (BPY) is expected to complete its acquisition of GGP,
which owns and operates malls, soon. The change means mutual and
exchange-traded funds that track the S&P 500 will add Arista to
their holdings.
Shares of Arista rose 4%, to $293.94, in after-hours
trading.
Meanwhile, Ichor Holdings Ltd. (ICHR), which designs, engineers
and manufactures fluid-delivery subsystems and components, will
replace information-technology company Super Micro Computer Inc.
(SMCI) in the S&P SmallCap 600.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
August 23, 2018 19:30 ET (23:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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