S&P Announces Changes to U.S. Indices (QCOM for CCU, DVA for CCU, ANSS for TQNT, ECLP for ANST, JBT for PLNR)

July 24, 2008 5:21 PM EDT

S&P 500 constituent Qualcomm Inc. (NASDAQ: QCOM) will replace Clear Channel Communications Inc. (NYSE: CCU) in the S&P 100, and DaVita Inc. (NYSE: DVA) will replace Clear Channel in the S&P 500 after the close of trading on Wednesday, July 30. Clear Channel is being taken private in a transaction expected to close on or about that date, pending final approvals.

S&P SmallCap 600 constituent ANSYS Inc. (NASDAQ: ANSS) will replace TriQuint Semiconductor Inc. (NASDAQ: TQNT) in the S&P MidCap 400, TriQuint will replace ANSYS in the S&P SmallCap 600, and Eclipsys Corp. (NASDAQ: ECLP) will replace Ansoft Corp. (NASDAQ: ANST) in the S&P SmallCap 600 after the close of trading on Thursday, July 31. Ansoft is being acquired by ANSYS in a transaction expected to close on or about that date. Eclipsys was previously announced as a replacement for S&P SmallCap 600 constituent W-H Energy Services Inc. (NYSE: WHQ), which is in the process of being acquired by S&P 500 constituent Smith International Inc. (NYSE: SII). A new replacement for W-H Energy will be announced at a later date.

John Bean Technologies Corp. (NYSE: JBT) will replace Planar Systems Inc. (NASDAQ: PLNR) in the S&P SmallCap 600 after the close of trading on Thursday, July 31. John Bean Technologies is being spun off by S&P MidCap 400 constituent FMC Technologies Inc. (NYSE: FTI) in a transaction expected to close on that date. As of today’s close of trading Planar Systems had a market capitalization of approximately $50 million, whereas the minimum market cap a company must maintain in order to be eligible for addition to the index is $300 million.


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Stocks Mentioned

ANSS 41.05

+0.37 +0.91%
Volume: 273,816
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ANST 35.71

+0.00 +0.00%
Volume: 0
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CCU 36.97

+0.75 +2.07%
Volume: 20,835
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DVA 61.20

+1.14 +1.90%
Volume: 1,021,657
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ECLP 16.62

+0.20 +1.22%
Volume: 327,529
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FTI 55.34

+1.85 +3.46%
Volume: 1,346,186
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JBT 15.77

+0.10 +0.64%
Volume: 71,916
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PLNR 2.62

-0.06 -2.24%
Volume: 8,122
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QCOM 37.91

+0.40 +1.07%
Volume: 28,585,599
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SII 31.05

+0.84 +2.78%
Volume: 5,799,944
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TQNT 6.22

+0.06 +0.97%
Volume: 2,136,975
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WHQ 89.13

+0.00 +0.00%
Volume: 0
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