When WPX Energy(WPX)is spun off from The Williams Companies(WMB) on December 31 as we discussed previously, it will immediately join the S&P 500, replacing Compuware(CPWR). Parent company The Williams Companies will remain in the index as well. This continues a trend of large companies breaking into pieces large enough to themselves be constituents of the premier large cap index.
Disclosure: The author has no position in any stock mentioned.
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