AIG and GM Replace Baker Hughes and Heinz in S&P Indices

McGraw-Hill Financial's (NYSE: MHFI  ) S&P Dow Jones Indices has brought in a pair of big-name stocks to replace issues on two of its signature products. After the close of trading on June 6, both the S&P 100 and the 500 will be home to General Motors (NYSE: GM  ) . The stock replaces Heinz (UNKNOWN: HNZ.DL  ) , which was recently acquired by a consortium led by Berkshire Hathaway (NYSE: BRK-B  ) .

Also taking a slot on the S&P 100 will be insurance giant AIG (NYSE: AIG  ) , taking the position currently held by Baker Hughes (NYSE: BHI  ) . The latter's total market capitalization is now below $21 billion, which S&P Dow Jones Indices says "is no longer representative of the megacap market space." The stock will, however, remain on the S&P 500.



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