New York, NY, September 14, 2012 – UnitedHealth Group Inc. (NYSE:UNH) will replace Kraft Foods Inc. (NASD:KFT) in the Dow Jones Industrial Average (DJIA) after the close of trading on Friday, September 21, and the change will be effective with the opening of trading on Monday, September 24. The index change was prompted by Kraft Foods’ plan to spin-off its North American grocery business, to be named Kraft Foods Group, Inc. on Oct. 1, 2012. Following the spin-off, Kraft Foods Inc. will be renamed Mondelez International, Inc. The Dow Jones Averages Index Committee believes that Mondelez’s reduced market capitalization and projected lower percentage of revenue generated from the U.S. makes the company less representative of the U.S. Large Cap market space.
UnitedHealth Group, headquartered in Minnetonka, MN, is a diversified health care services company that provides health care coverage and benefits services to tens of millions of individuals across the U.S., and information and technology-enabled health services. The Index Committee believes the addition of UnitedHealth Group brings added health care diversification to the Dow Jones Industrial Average, and reflects the growing importance of health care spending in the U.S. economy.
The changes won’t cause any disruption in the level of the Index. The divisor used to calculate the DJIA from its components’ prices on their respective home exchanges will be changed prior to the opening on September 24. This procedure prevents any distortion in the DJIA’s reflection of the U.S. stock market.
For more information, see the web site of Dow Jones Indexes at http://www.djaverages.com. The Dow Jones Transportation Average, Dow Jones Utility Average and Dow Jones Composite Average also are members of the Dow Jones Averages family.
Additions to and deletions from the Dow Jones Industrial Average do not in any way reflect an opinion on the investment merits of the companies involved.
Following is a summary of the change:
|DOW JONES INDUSTRIAL AVERAGE – Sept. 21, 2012|
|COMPANY||GICS ECONOMIC SECTOR||GICS SUB-INDUSTRY|
|ADDED||United Health Group||Health Care||Managed Health Care|
|DELETED||Kraft Foods||Consumer Staples||Packaged Foods & Meats|
S&P Dow Jones Indices will host a teleconference discuss the change.
US/Canada/All Others Toll Free: 1-866-803-2143 & Toll: 1-210-795-1098
|Country||Toll Numbers||Toll Free Number|
Conference ID#: 1419775
Live Streaming: (Audio Only) To join the event:
U.S./Canada toll free #: 1-866-373-1984
U.S./Canada/All others toll #: 1-203-369-0260
Replay will expire on Friday, September 21, 2012
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For more information:
S&P Dow Jones Indices dave_guarino@spdj .com
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices david_blitzer@ spdji.com