S&P Announces Changes to Indices: MNST for SLE in S&P 500, ALEX for PCX in MidCap 400

June 21, 2012 5:22 PM EDT Send to a Friend
Monster Beverage Corp. (NASDAQ: MNST) will replace Sara Lee Corp. (NYSE: SLE) in the S&P 500 index, and the post spin Sara Lee stub, which will be renamed The Hillshire Brands Co. (NYSE: HSH), will replace Monster Beverage Inc. in the S&P MidCap 400 index after the close of trading on Thursday, June 28. Sara Lee is spinning off its international Coffee & Tea business to shareholders in a transaction expected to be effective after the close of trading on that date.

Alexander & Baldwin Inc. (NYSE: ALEX) will replace Patriot Coal Corp. (NYSE: PCX) in the S&P MidCap 400 index after the close of trading on Friday, June 29. Alexander & Baldwin Holdings Inc. (NYSE: ALEX) is spinning off the new Alexander & Baldwin to shareholders in a transaction expected to be effective after the close of trading on that date. The stub company, which is changing its name to Matson Inc. (NYSE: MATX), will remain in the S&P MidCap 400
index following completion of the transaction. Patriot Coal is currently ranked #400 in the MidCap 400 index and is no longer representative of the midcap market space.


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