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S&P Announces Changes to U.S. Indices

December 12, 2007 5:19 PM EST
FRT Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Revenue Growth %: +7.3%
S&P REIT Composite constituent Federal Realty Investment Trust (NYSE: FRT) will replace Lyondell Chemical Co. (NYSE: LYO) in the S&P MidCap 400 after the close of trading on Thursday, December 20. Lyondell Chemical is being acquired by Basell AF in a deal expected to close on or about that date, pending final approvals.

UMB Financial Corp. (NASDAQ: UMBF) will replace EDO Corp. (NYSE: EDO) in the S&P SmallCap 600 on a date to be announced. EDO is being acquired by S&P 500 constituent ITT Corp. in a deal that is still pending final approvals.

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