Bloomberg News

Dollar General to Replace Cooper Industries in S&P 500

November 26, 2012

Dollar General Corp. (DG:US) will replace Cooper Industries Plc in the Standard & Poor’s 500 Index, according to a statement from the index provider.

Dollar General, the largest U.S. dollar-store chain, will be added to the U.S. equity benchmark after the close of trading on Nov. 30, the statement said. Cooper Industries, a maker of electric-distribution equipment, is being purchased by Eaton Corp. (ETN:US) in a deal that may be completed around that time, S&P said.

The revisions in the S&P 500 may prompt money managers that track the index to shift holdings to match the adjustments.

Dollar General shares rose 3.4 percent to $51 as of 5:36 p.m. New York time.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net


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Companies Mentioned

  • DG
    (Dollar General Corp)
    • $63.99 USD
    • -0.21
    • -0.33%
  • ETN
    (Eaton Corp PLC)
    • $69.81 USD
    • 0.24
    • 0.34%
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