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Refining Spinoff Phillips 66 To Displace Supervalu In S&P 500

By Matt Jarzemsky Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Phillips 66 (PSX), the refining company splitting from ConocoPhillips (COP), will replace Supervalu Inc. (SVU) in Standard & Poor's 500-stock index at the end of the month. The move is set to occur alongside the completion of Phillips 66's spinoff after the close of trading on April 30, the index operator said Monday. The index includes 500 leading large-cap U.S. companies. S&P is a unit of McGraw-Hill Cos. (MHP). S&P said Supervalu, the supermarket chain whose brands include Albertson's and Save-A-Lot, will join its index of 400 midcap stocks, replacing American Greetings Corp. (AM). The greeting-card maker will displace Standard Register Co. (SR) in the S&P 600 small-cap index. ConocoPhillips said earlier this month its board approved the spinoff of its refining arm as it seeks to focus on its exploration-and-production business. Phillips 66 plans to expand chemical and midstream operations. ConocoPhillips shares were up 0.1% at $72.43 in after-hours trading. Supervalu slid 1.8% to $6.02. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; [email protected]

Stock News for Standard Regist (SR)
DateTimeHeadline
02/27/201712:40:06Current Report Filing (8-k)
02/23/201715:27:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201708:04:23Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/22/201719:55:00Spire Prices $150 Million Debt Offering
02/22/201709:02:00Spire Announces Launch of $150 Million Debt Offering
02/22/201708:51:56Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
02/22/201708:47:28Current Report Filing (8-k)
02/13/201707:48:25Amended Statement of Ownership (sc 13g/a)
02/09/201715:04:39Statement of Changes in Beneficial Ownership (4)
02/08/201720:52:00Spire Announces Redemption of Floating Rate Senior Notes Due...
02/07/201716:39:00Amended Statement of Ownership (sc 13g/a)
02/02/201711:26:48Amended Statement of Changes in Beneficial Ownership (4/a)
02/01/201710:13:41Quarterly Report (10-q)
02/01/201709:24:27Statement of Changes in Beneficial Ownership (4)
02/01/201709:10:34Statement of Changes in Beneficial Ownership (4)
02/01/201709:08:35Statement of Changes in Beneficial Ownership (4)
02/01/201709:06:20Statement of Changes in Beneficial Ownership (4)
02/01/201708:54:01Statement of Changes in Beneficial Ownership (4)
02/01/201708:51:54Statement of Changes in Beneficial Ownership (4)
02/01/201708:49:21Statement of Changes in Beneficial Ownership (4)

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