S&P indices to change after acquisitions
March 4, 2010 by N/A
| By Associated Press March 4, 2010, 9:32 AM EST |
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Standard & Poor’s said Wednesday it is changing the makeup of its indices after a number of acquisitions.Denbury Resources Inc. is acquiring Encore Acquisition Co., a constituent of the S&P MidCap 400 index. Encore will be replaced by Transatlantic Holdings Inc. in the index after the close of trading March 9.
The Stanley Works is acquiring Black & Decker Corp., a constituent of the S&P 500.
After the close of trading March 12, ONEOK Inc. will take Black & Decker’s place on the S&P 500, Greenhill & Co. Inc. will replace ONEOK on the S&P MidCap 400 and Powell Industries Inc. will replace Greenhill in the S&P SmallCap 600.
Originally Posted at Investment News on March 4, 2010 by N/A.
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