S&P Announces Changes to US Indices: WCN for PHLY, STBA for WCN, MTD for BGP, HOC for LFG, TMP for SPC

November 25, 2008 5:20 PM EST

S&P SmallCap 600 constituent Waste Connections Inc. (NYSE: WCN) will replace Philadelphia Consolidated Holding Corp. (NASDAQ: PHLY) in the S&P MidCap 400, and S&T Bancorp Inc. (NASDAQ: STBA) will replace Waste Connections in the S&P SmallCap 600. Philadelphia Consolidated Holding is being acquired by S&P Global 1200 constituent Tokio Marine Holdings Inc. in a transaction expected to be completed on or about that date, pending final approvals.

Mettler-Toledo International Inc. (NYSE: MTD) will replace Borders Group, Inc. (NYSE: BGP) in the S&P MidCap 400. As of today’s close of trading, Borders Group had a market capitalization of approximately $101 million, whereas the minimum market capitalization needed for admission to the S&P MidCap 400 index is currently $1 billion.

Holly Corp. (NYSE: HOC) will replace LandAmerica Financial Group Inc. (NYSE: LFG), and Tompkins Financial Corporation (NYSE: TMP) will replace Spectrum Brands, Inc. (NYSE: SPC) in the S&P SmallCap 600. As of today’s close, LandAmerica Financial and Spectrum Brands’ market values ranked them 599th and 600th respectively in the index.


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Stocks Mentioned

BGP 28.75

+25.10 +687.67%
Volume: 448,475
Track BGP

HOC 18.62

-0.41 -2.15%
Volume: 1,007,701
Track HOC

LFG 0.20

+0.00 +0.00%
Volume: 281,007
Track LFG

MTD 29.94

-48.48 -61.82%
Volume: 443,643
Track MTD

PHLY 61.45

+0.00 +0.00%
Volume: 646,494
Track PHLY

SPC 0.08

+0.00 +0.00%
Volume: 7,451,766
Track SPC

STBA 11.96

-0.20 -1.64%
Volume: 252,474
Track STBA

TMP 47.25

-0.70 -1.46%
Volume: 30,396
Track TMP

WCN 28.65

+2.63 +10.11%
Volume: 432,126
Track WCN


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