Howard Hughes Holdings to Join S&P SmallCap 600 After Arcosa Acquisition
Photo: TokenPost
S&P Dow Jones Indices announced Friday, Oct. 23, that it will replace Arcosa Inc. (NYSE: ACA) with Howard Hughes Holdings Inc. (NYSE: HHH) in the S&P SmallCap 600 following CRH plc’s completed acquisition of Arcosa. CRH completed the acquisition on Oct. 23. The companies’ June 22 agreement had a total enterprise value of about $8.5 billion. Howard Hughes Holdings is classified in Real Estate, while Arcosa is classified in Industrials. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market. The index change takes effect before trading opens Wednesday, Oct. 28 (ET).
Source: TokenPost
