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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pactiv Corp. | NYSE:PTV | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.23 | 0.00 | 00:00:00 |
DOW JONES NEWSWIRES
Standard & Poor's said it will add diversified manufacturer Ingersoll-Rand Co. (IR) to its S&P 500 index after the close of trading on Nov. 16 to replace Pactiv Corp. (PTV), which is set to be acquired by New Zealand's Rank Group Ltd.
Ingersoll-Rand will be added to the S&P 500 Industrial Machinery Sub-Industry index.
Ingersoll-Rand last month reported its third-quarter profit rose 7% despite increased charges, while revenue improved in most of its businesses.
Shares jumped 5.7% to $43.50 in after-hours trading. The shares of companies joining the S&P 500 often rise because many portfolio managers try to track the index. To do that, they must buy shares of the companies that become part of it.
-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com
1 Year Pactiv Chart |
1 Month Pactiv Chart |
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