Standard & Poor's will acquire the Goldman Sachs Commodity Index and two of Goldman Sachs' equity index groups, Sector and Technology. Terms weren't disclosed. The deal is expected to close by the end of next week, said Michael DuVally, Goldman Sachs spokesman. S&P will not change the methodology or calculation of the commodity and equity indexes, said David R. Guarino, S&P spokesman.
The indexes will be renamed the S&P GSCI Commodity Index, the S&P GS Sector Indexes and the S&P GS Technology Index after a 90-day transition, Mr. Guarino said.
The Goldman Sachs Sector indexes consist of health-care, financial institutions, utilities, consumer companies and cyclical industries. The Goldman Sachs Technology index group is a broad measure of U.S.-traded technology stocks with six subindexes.
Goldman Sachs will not lay off any employees because of the sale, Mr. DuVally said. "The people who maintained the indexes didn't work exclusively on this; so they will continue to work in the other areas," Mr. DuVally said.