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PTV Pactiv Corp.

33.23
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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 01:00:00

Ingersoll-Rand To Join S&P 500 Index, Replaces Pactiv

10/11/2010 11:27pm

Dow Jones News


Pactiv (NYSE:PTV)
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   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

 
 

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