Chemical Financial (CHFC) Set to Join S&P MidCap 400; Supervalu (SVU), Shoe Carnival (SCVL) and Eagle Pharmaceuticals (EGRX) to Join S&P SmallCap 600
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S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
Chemical Financial Corp. (NASDAQ: CHFC) will replace Supervalu Inc. (NYSE: SVU) in the S&P MidCap 400, and Supervalu will replace Talmer Bancorp Inc. (NASDAQ: TLMR) in the S&P SmallCap 600 after the close of trading on Wednesday, August 31. Chemical Financial is acquiring Talmer in a deal expected to be completed on or about that date pending final approvals. Supervalu has a market capitalization more representative of the small-cap market space.
Shoe Carnival Inc. (NASDAQ: SCVL) will replace Sagent Pharmaceuticals Inc. (NASDAQ: SGNT) in the S&P SmallCap 600 after the close of trading on Friday, August 26. Nichi-Iko Pharmaceutical Co. is acquiring Sagent in a deal expected to be completed soon pending final conditions.
Eagle Pharmaceuticals Inc. (NASDAQ: EGRX) will replace Cash America International Inc. (NYSE: CSH) in the S&P SmallCap 600 after the close of trading on Thursday, September 1. S&P SmallCap 600 constituent First Cash Financial Services Inc. (NASDAQ: FCFS) is acquiring Cash America in a deal expected to be completed on or about that date pending final approvals. Post merger, the combined company will be named FirstCash Inc.
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