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Ace to join S&P 500
08 July 2010
Standard & Poor’s has announced it will add the property/casualty insurer to its S&P 500 stock index after close of trading on July 14, reports Reuters.
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S&P 500
Standard & Poor’s has announced it will add the US property/casualty insurer to its S&P 500 stock index after close of trading on July 14, reports Reuters.
Ace will replace Millipore, a maker of laboratory water filters and purifiers used to produce biotechnology drugs, which is being acquired by the German pharmaceutical company Merck KGaA.
Ace’s after hours shares rose 4.92% to $54.79 following the announcement