S&P Announces Changes to U.S. Indices (PCX for CBRL, ECLP for WHQ)
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S&P SmallCap 600 constituent Patriot Coal Corp. (NYSE: PCX) will replace CBRL Group Inc. (NASDAQ: CBRL) in the S&P MidCap 400, and CBRL will replace Patriot Coal in the S&P SmallCap 600. Patriot Coal is in the process of acquiring privately-held Magnum Coal Co. for stock in a transaction that will substantially increase its market capitalization. CBRL’s profitability and market value make it an appropriate addition to the S&P SmallCap 600.
Eclipsys Corp. (NASDAQ: ECLP) will replace W-H Energy Services Inc. (NYSE: WHQ) in the S&P SmallCap 600. W-H Energy is being acquired by S&P 500 constituent Smith International Inc. (NYSE: SII) in a deal that is still pending final approvals.
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