Xylem, ITT Spinoff, To Join S&P 500

ITT’s(ITT) long awaited spinoffs, Xylem(XYL) and Exelis (XLS) are set to be distributed to shareholders on 10/31.  Standard & Poor has announced that Xylem will take ITT’s place in the S&P 500 index.  Both Exelis and ITT will join the S&P MidCap 400, replacing Eastman Kodak(EK) and Kindred Healthcare(KND).  Lumos Holdings, being spun out of NTELOS(NTLS) on the… Read More »