S&P Changes: AKAM, NTG, FUR
Akamai Technologies Inc. (NASDAQ: AKAM) will replace Biomet Inc. (NASDAQ: BMET) in the S&P 500 after the close of trading on Wednesday, July 11. Biomet is being acquired by a private equity consortium in a tender offer scheduled to expire on or about that date, pending final approvals.
NATCO Group Inc. (NYSE: NTG) will replace Genesis Healthcare Corp. (NASDAQ: GHCI) in the S&P SmallCap 600 after the close of trading on a date to be announced. Genesis Healthcare is being acquired by a joint venture between affiliates of Formation Capital LLC and JER Partners in a deal still pending final approvals.
Winthrop Realty Trust Inc. (NYSE: FUR) will replace Highland Hospitality Corp. (NYSE: HIH) in the S&P REIT Composite after the close of trading on a date to be announced. Highland Hospitality is being acquired by affiliates of JER Partners Acquisitions IV LLC in a deal still pending final approvals.
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