S&P Changes: BK, GGP, FCBP, SPPR, RPB
S&P Changes
The Bank of New York Mellon Corp. (NYSE: BK) (new) will replace Computer Sciences Corp. (NYSE: CSC) in the S&P 100 and The Bank of New York Company Inc. (NYSE: BK) (old) in the S&P 500, and S&P REIT Composite constituent General Growth Properties Inc. (NYSE: GGP) will replace Mellon Financial Corp. (NYSE: MEL) in the S&P 500 after the close of trading on Friday, June 29. The Bank of New York Company and Mellon Financial are merging to create The Bank of New York Mellon Corp. in a deal expected to close before the open of trading on July 2.
First Community Bancorp (NASDAQ: FCBP) will replace Investors Financial Services Corp. (NASDAQ: IFIN) in the S&P MidCap 400 after the close of trading on a date to be announced. Investors Financial is being acquired by S&P 500 constituent State Street Corp. (NYSE: STT) in a deal that is still pending final approvals.
Supertel Hospitality Inc. (NASDAQ: SPPR) will replace Winston Hotels Inc. (NYSE: WXH) in the S&P REIT Composite after the close of trading on Friday, June 29. Winston Hotels is being acquired by Inland American Real Estate Trust Inc. in a deal expected to close on or about that date.
Republic Property Trust (NYSE: RPB) will replace Innkeepers USA Trust (NYSE: KPA) in the S&P REIT Composite after the close of trading on Friday, June 29. Innkeepers is being acquired by Apollo Investment Corp. in a deal expected to close on or about that date.
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