S&P Announces Changes to US Indices: WYNN for ASH, ASH for LEA, XRAY for HPC, BUCY for XRAY, EXP for SCUR
Wynn Resorts Ltd. (NASDAQ: WYNN) will replace Ashland Inc. (NYSE: ASH) in the S&P 500, Ashland will replace Lear Corp. (NYSE: LEA) in the S&P MidCap 400, S&P MidCap 400 constituent DENTSPLY International Inc. (NASDAQ: XRAY) will replace Hercules Inc. (NYSE: HPC) in the S&P 500, and Bucyrus International Inc. (NASDAQ: BUCY) will replace DENTSPLY in the S&P MidCap 400 after the close of trading on Thursday, November 13. Ashland is acquiring Hercules in a transaction that will result in a company with a market value appropriate for the S&P MidCap 400, and which is expected to close on or about that date, pending final approvals. As of today’s close of trading Lear Corp. had a market value of approximately $129 million, ranking 400th in the S&P MidCap 400 index.
Eagle Materials Inc. (NYSE: EXP) will replace Secure Computing Corp. (NASDAQ: SCUR) in the S&P SmallCap 600 after the close of trading on Friday, November 14. Secure Computing is being acquired by S&P MidCap 400 constituent McAfee Inc. (NYSE: MFE) in a deal expected to close on or about that date, pending final approvals.
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