S&P Announces Changes to US Indices: EIG for CATT, WMS for CNB, BMI for WMS
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Employers Holdings Inc. (NYSE: EIG) will replace Catapult Communications (NASDAQ: CATT) in the S&P SmallCap 600. Catapult is being acquired by Ixia (NASDAQ: XXIA) in a cash tender offer expected to expire soon.
S&P SmallCap 600 constituent WMS Industries Inc. (NYSE: WMS) will replace The Colonial BancGroup Inc. (NYSE: CNB) in the S&P MidCap 400, and Badger Meter Inc. (NYSE: BMI) will replace WMS Industries in the S&P SmallCap 600. As of today’s close of trading, Colonial BancGroup had a market capitalization of approximately $206 million whereas the minimum market cap needed to be admitted to the index is currently $750 million.
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