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S&P changes makeup of indices |
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Thursday, 26 January 2006 |
Standard & Poors is changing the makeup of the S&P 500, S&P MidCap 400 and S&P SmallCap indices, the agency said Wednesday evening.
VeriSign Inc. (VRSN) will replace Reebok International Ltd. (RBK) in the S&P 500 after the close of trading on Jan. 31. Reebok is being acquired by S&P Global 1200 constituent Adidas-Salomon AG (500340500340) in a deal expected to close on or about that date, the agency noted.
S&P MidCap 400 constituent Harman International Industries Inc. (HAR) will replace Siebel Systems Inc. (SEBL) in the S&P 500 after the close of trading on a date to be announced, S&P said. Siebel is being acquired by S&P 500 constituent Oracle Corp. (ORCL) in a deal that is pending final approval.
S&P SmallCap 600 constituent MDC Holdings Inc. (MDC) will replace Harman in the S&P MidCap 400, and Diodes Inc. (DIOD) will replace MDC in the S&P SmallCap 600, S&P (MHP) said.
Harbor Florida Bancshares Inc. (HARB) will replace Hudson United Bancorp (HU) in the S&P SmallCap 600 after the close of trading Jan. 31. Hudson United is being acquired by a majority-owned subsidiary of S&P Global 1200 constituent Toronto-Dominion Bank (TD) in a deal that is anticipated to close on or about that date.
S&P added that it will monitor these transactions. |