S&P Rebuffs Companies With Multiple Shares Classes
August 02, 2017 at 10:53 AM EDT
S&P Dow Jones Indices, one of the largest providers of indexes for use by issuers of exchange traded funds, said Monday it will no longer allow companies with multiple share classes to be part of the S&P Composite 1500. That means such companies, including social media firm Snap Inc. (NYSE:...