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CORRECT: Accenture To Replace Marshall & Ilsley In S&P 500 Next Month

("Accenture To Replace Marshall & Ilsley In S&P 500 Next Month," published at 5:43 p.m. ET, misstated the index's outgoing company in the headline. The correct version follows:) DOW JONES NEWSWIRES Standard & Poor's said consulting company Accenture PLC (ACN) would replace Marshall & Ilsley Corp. (MI) in the S&P500 index next month, when Bank of Montreal's (BMO, BMO.T) takeover of the regional bank is expected to close. Accenture shares rose 4.6% after hours on the news. The shares of a company joining a major index like the S&P 500 tend to rise as index-tracking funds buy the stock. The switch, effective after the close of trade July 5, adds one of the world's biggest standalone consulting companies to the key index. The company has been strengthening, as market share gains propel revenue growth. Its most recent quarterly revenue and earnings per share figures were record highs. In December, Bank of Montreal agreed to buy struggling regional bank Marshall & Ilsley in a stock-for-stock deal worth $4.1 billion, which would further strengthen the Canadian banks position in the Midwest. Marshall & Ilsley has reported more than two straight years of quarterly losses and has yet to repay the U.S. government for the $1.72 billion in bailout funds it received after the financial crisis. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Accenture (ACN)
DateTimeHeadline
09/22/201607:27:00Accenture Positioned as Overall Market Leader in HfS Mortgage...
09/22/201605:57:00Accenture Implements State-of-the-Art Payments-Processing Platform...
09/22/201602:07:00Accenture to Acquire Kurt Salmon to Expand Accenture Strategy’s C...
09/20/201607:59:00Accenture Strategy Creates Symphonologie, the Music of Business...
09/20/201606:57:00ASM Research Awarded $286 Million Contract to Help Support VA...
09/20/201603:57:00Accenture Debuts Prototype of ‘Editable’ Blockchain for Enterprise and...
09/19/201608:05:00Accenture and Oracle Expand the Accenture Oracle Business Group...
09/18/201616:00:00Accenture Recognized as a Top Oracle Global Partner at Open World...
09/15/201609:40:00Bitcoin Firm Ripple Gets $55 Million In Funding
09/15/201608:27:00Accenture Launches HealthTech Innovation Challenge to Foster...
09/15/201601:50:00Accenture annonce son intention de racheter OCTO Technology pour...
09/15/201601:50:00Accenture Announces Intention to Acquire OCTO Technology to Expand...
09/14/201608:57:00Majority of Businesses and Economies Are Not Ready for Digital...
09/14/201608:05:00Accenture Forms Alliance with Applause to Help Organizations...
09/14/201607:07:00UNHCR, Accenture Study Finds Internet, Mobile Connectivity a...
09/13/201608:05:00Majority of Canadians Would Work for Government, Accenture Survey...
09/13/201606:57:00Accenture to Host Conference Call Thursday, Sept. 29 to Discuss Fourth-Quarter...
09/13/201606:57:00Accenture Receives FedRAMP Certification for Its Federal Cloud...
09/12/201611:03:00Accenture & SAP Redesign Fashion Management, Helping Retailers...
09/12/201606:57:00Former CIA CTO Gus Hunt to Lead Accenture Federal Services’ C...

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