Add as a preferred source on GoogleHoward Hughes Holdings to Join S&P SmallCap 600 After Arcosa Acquisition
CRH completed its acquisition of Arcosa on Oct. 23; the deal had a total enterprise value of about $8.5 billion.
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).
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.