S&P Changes: EXH, TYL, FARO
S&P Changes:
Exterran Holdings Inc. (NYSE: EXH) will replace Hanover Compressor Co. (NYSE: HC) in the S&P MidCap 400 after the close of trading on a date to be announced. Hanover and Universal Compression Holdings Inc. (NYSE: UCO) are merging to form Exterran in a deal still pending final approvals.
Tyler Technologies Inc. (NYSE: TYL) will replace Stride Rite Corp. (NYSE: SRR) in the S&P SmallCap 600 after the close of trading on Friday, August 17. Stride Rite is being acquired by S&P MidCap 400 constituent Payless ShoeSource Inc. (NYSE: PSS) in a deal expected to close on or about that date.
FARO Technologies Inc. (NASDAQ: FARO) will replace Vertrue Inc. (NASDAQ: VTRU) in the S&P SmallCap 600 after the close of trading on a date to be announced. Vertrue is being acquired by Vertrue's management and an investor group led by One Equity Partners in a deal still pending final approvals.
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