S&P Announces Changes: HII for DYN in MidCap 400, EW for Q in S&P 500, COO for EW in MidCap 400, KOP for COO in SmallCap 600

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Huntington Ingalls Industries Inc. (NYSE: HII) will replace Dynegy Inc. (NYSE: DYN) in the S&P MidCap 400 index after the close of trading on Wednesday, March 30. S&P 500 constituent Northrop Grumman Corp. (NYSE: NOC) is spinning off Huntington Ingalls Industries to its shareholders in a transaction expected to be completed after the market close on or about that date. The Northrop Grumman stub will remain in the S&P 500 index following the spin-off. Dynegy’s market capitalization has fallen below $735 million, and is no longer representative of the mid-cap space.

S&P MidCap 400 constituent Edwards Lifesciences Corp. (NYSE: EW) will replace Qwest Communications International Inc. (NYSE: Q) in the S&P 500 index, S&P SmallCap 600 constituent The Cooper Companies Inc. (NYSE: COO) will replace Edwards Lifesciences in the S&P MidCap 400 index, and Koppers Holdings Inc. (NYSE: KOP) will replace The Cooper Companies in the S&P SmallCap 600 index after the close of trading on Thursday, March 31. Qwest Communications International is being acquired by S&P 500 constituent CenturyLink Inc. (NYSE: CTL) in a deal expected to be completed on or about that date, pending final approvals.

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