NEW YORK (Reuters) – Apartment Investment and Management Co will be removed from the S&P 500 as of Dec. 21 to make room for the inclusion of Tesla Inc, S&P Dow Jones Indices said on Friday.
Apartment Investment and Management, which is spinning off Apartment Income REIT in a deal expected to be completed post market close on Monday, will no longer be representative of the S&P Composite 1500 indices market cap ranges, S&P Dow Jones Indices said in a statement.
(Reporting by Saqib Iqbal Ahmed; Editing by Bill Berkrot)
