S&P Announces Changes to US Indices: IRM for UST, FSP for ALO
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Iron Mountain Inc. (NYSE: IRM) will replace UST Inc. (NYSE: UST) in the S&P 500 after the close of trading on a date to be announced. UST is in the process of being acquired by S&P 100 and 500 constituent Altria Group Inc. (NYSE: MO) in a deal that is anticipated to close in the first full week of 2009.
ALPHARMA Inc. (NYSE: ALO) will be removed from the S&P SmallCap 600 after the close of trading on Tuesday, December 30. The company has been acquired by S&P 500 constituent King Pharmaceuticals Inc. (NYSE: KG) in a tender offer that expired today. Franklin Street Properties Corp. (NYSE: FSP) will take the place occupied by ALPHARMA in the S&P SmallCap 600 after the close of trading on Wednesday, December 31.
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