Ares Management to join S&P 500 on December 11
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Dec 8 (Reuters) - Alternative asset manager Ares Managementwill join the benchmark S&P 500 index (.SPX) before market open on December 11, S&P Dow Jones Indices said on Monday.The company will replace Pringles-maker Kellanova, which is set to be acquired by candy and snacks giant Mars in a $36 billion deal.Shares of Ares Management jumped 7.6% in extended trading.
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