Standard & Poor's Index Changes: PXD for SAF; BXS for SAF; APH for WEN, WEN for APH, UBA for TRY.b

September 22, 2008 7:01 AM EDT

After the close Friday, Standard & Poor's announced it will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

Safeco Corp. (NYSE: SAF) will be removed from the S&P 500 index after the close of trading on Monday, September 22. The company is being acquired by Liberty Mutual Group in a transaction expected to close on or about that date, pending final approvals.

Safeco's place in the S&P 500 will be taken by S&P MidCap 400 constituent Pioneer Natural Resources Co. (NYSE: PXD), and Pioneer Natural Resources will be replaced by BancorpSouth Inc. (NYSE: BXS) in the S&P MidCap 400, both after the close of trading on Tuesday, September 23.

S&P MidCap 400 constituent Amphenol Corp. (NYSE: APH) will replace Wendy’s International Inc. (NYSE: WEN) in the S&P 500, Wendy's/Arby’s Group Inc. (NYSE: WEN) will replace Amphenol in the S&P MidCap 400, and S&P U.S. REIT Composite constituent Urstadt Biddle Properties Inc. (NYSE: UBA) will replace Triarc Companies Inc. (NYSE: TRY.B) in the S&P SmallCap 600, after the close of trading on Friday, September 26. Wendy’s International is being acquired by Triarc in a deal expected to be completed before the market opens on Monday, September 29, pending final approvals. Triarc is changing its name to Wendy’s/Arby’s Group Inc. after completion of the merger.

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