S&P Announces Changes to U.S. Indices (AINV for MGI, AIRM for POSS)
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MoneyGram International Inc. (NYSE: MGI) will be removed from the S&P MidCap 400 after the close of trading on Tuesday, March 18. As of today’s close of trading, MoneyGram International had a market value of approximately $160 million, ranking 400th in the index.
Apollo Investment Corp. (NASDAQ: AINV) will be added to the S&P MidCap 400 after the close of trading on Wednesday, March 19, taking the place vacated by MoneyGram International.
Air Methods Corporation (NASDAQ: AIRM) will replace Possis Medical Inc. (NASDAQ: POSS) in the S&P SmallCap 600 after the close of trading on Tuesday, March 25. Possis Medical is being acquired by S&P Global 1200 constituent Bayer AG in a tender offer expected to be completed on or about that date. [BCS]
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