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Standard & Poor’s Makes Changes to Indices
Daniel Shepard (November 10th, 2008) Writes:
Monday November 13, 2008 Navivest
Standard & Poor’s is making changes to the S&P 500 and the S&P 400 MidCap. Following are details of the changes:
Wynn Resorts Ltd. (WYNN) is replacing Ashland Inc. (ASH) in the S&P 500, Ashland will replace Lear Corp. (LEA) in the S&P MidCap 400, S&P MidCap 400 constituent DENTSPLY International Inc. (XRAY) will replace Hercules Inc. (HPC) in the S&P 500, and Bucyrus International Inc. (BUCY) will replace DENTSPLY in the S&P MidCap 400 after the close of trading on Thursday, November 13.
Ashland will be acquiring Hercules in a transaction that will result in a company with a market value appropriate for the S&P MidCap 400, and which is expected to close on or about that date, pending final approvals. As of today’s close of trading Lear Corp. had a market value of approximately $129 million, ranking 400th in the S&P MidCap 400 index.
...Ashland Inc., Bucyrus International Inc., Chemicals, Covington;, Dallas, DENTSPLY International Inc.;, Eagle Materials Inc, Hercules Inc.;, Kentucky, large-scale surface;, Las Vegas, Las Vegas NV, Lear Corp, Macau, McAfee Inc.;, oil sands, Pennsylvania, S&P 400, S&P 600, Secure Computing Corp.;, South Milwaukee;, Sp 500, Standard & Poor, Standard Poors, Stocks to Watch, Texas, underground mining equipment, USD, Wisconsin, www.standardandpoors.com;, Wynn Resorts Ltd., York
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