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 2.21

+0.07 +3.27%
Volume: 47,491
Track BGP

HOC 29.04

+0.61 +2.15%
Volume: 147,563
Track HOC

LFG 0.20

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

MTD 99.94

-0.49 -0.49%
Volume: 36,383
Track MTD

PHLY 61.45

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

SPC 10.62

+0.08 +0.76%
Volume: 3,000
Track SPC

STBA 15.46

+0.20 +1.31%
Volume: 4,530
Track STBA

TMP 42.25

+0.64 +1.54%
Volume: 1,900
Track TMP

WCN 32.29

+0.23 +0.72%
Volume: 34,685
Track WCN


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