Westport’s Terex Corp will join the Standard and Poor’s 500 Index, it was announced today.
The change will be effective after Tuesday’s close of trading.
Terex, a manufacturer of construction, road-building and mining equipment, will replace Navistar International Corp. whose common stock is scheduled to be delisted by the New York Stock Exchange prior to the open of trading on Wednesday.
Headquartered at the Nyala Farms Corporate Center on Greens Farms Road, Terex will be added to the S&P 500 GICS (Global Industry Classification Standard) Construction & Farm Machinery & Heavy Trucks Sub-Industry index.
