S&P Announces Changes to U.S. Indices (DWA for MLNM, HS for FBTX, GMCR for MATR)
DreamWorks Animation SKG Inc. (NYSE: DWA) will replace Millennium Pharmaceuticals Inc. (NASDAQ: MLNM) in the S&P MidCap 400 after the close of trading on Thursday, May 8. Millennium Pharmaceuticals is being acquired by Takeda Pharmaceutical Company Ltd. in a deal expected to close on or about that date, pending final approvals.
HealthSpring Inc. (NYSE: HS) will replace Franklin Bank Corp. (NASDAQ: FBTX) in the S&P SmallCap 600 after the close of trading on Wednesday, May 7. As of today’s close of trading, Franklin Bank had a market cap of $26 million, ranking 600th in the index.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) will replace Matria Healthcare Inc. (NASDAQ: MATR) in the S&P SmallCap 600 on a date to be announced. Matria Healthcare is being acquired by Inverness Medical Innovations (AMEX: IMA) that is still pending final approvals.
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