S&P Announces Changes to US Indices: FCX for SGP, PCLN for SGP, MXB for PCLN
S&P 500 constituent Freeport McMoRan Copper & Gold Inc. (NYSE: FCX) will replace Schering-Plough Corp. (NYSE: SGP) in the S&P 100, S&P MidCap 400 constituent Priceline.com Inc. (NASDAQ: PCLN) will replace Schering-Plough in the S&P 500, and MSCI Inc. (NYSE: MXB) will replace Priceline.com in the S&P MidCap 400, all after the close of trading on a date to be announced. Schering-Plough is merging with S&P 100 and 500 constituent Merck & Co. (NYSE: MRK) in a deal expected to be completed soon pending final approvals.
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