NEW YORK, Sept. 21, 2011 /PRNewswire/ -- The Mosaic Company (NYSE: MOS) will replace National Semiconductor Corp. (NYSE: NSM) in the S&P 500 index after the close of trading on Friday, September 23, 2011. National Semiconductor is being acquired by S&P 100 & 500 constituent Texas Instruments Inc. (NYSE: TXN) in a deal expected to be completed on or about that date pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
The Mosaic Company engages in the production and marketing of concentrated phosphate and potash-based crop nutrients. Headquartered in Plymouth, MN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Fertilizers & Agricultural Chemicals Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – September 23, 2011
GICS ECONOMIC SECTOR
The Mosaic Company
Fertilizers & Agricultural Chemicals
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SOURCE Standard & Poor's