Foster Wheeler to Join the NASDAQ-100 Index
Foster Wheeler of Clinton, New Jersey, will become a component of the NASDAQ-100 Index(r), the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Ex Technology Index prior to market open on Thursday, July 12, 2007. Foster Wheeler will replace Biomet.
With a market capitalization of approximately $8.3 billion, Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the refining, upstream oil and gas, LNG and gas-to-liquids, petrochemical, chemicals, power, pharmaceuticals, biotechnology and healthcare industries.
The NASDAQ-100 Index, launched in January 1985, is one of the most widely followed benchmarks in the world.
- WorleyParsons and JV Partners Win FEED Contract for LNG Canada Project (May 21)
- Amec Agrees to buy Foster Wheeler for $3B (Jan 13)
- Report: British Engineer Amec Eyeing Foster Wheeler Takeover (Nov 27)