S&P Announces Changes to U.S. Indices (PCLN for KEM, RAH for PRX, CDR for AGL)

July 30, 2008 5:19 PM EDT

Priceline.com Inc. (NASDAQ: PCLN) will replace KEMET Corp. (NYSE: KEM) in the S&P MidCap 400 after the close of trading on Friday, August 1. As of today’s close of trading KEMET had a market capitalization of approximately $144 million, ranking 400th in the index.

S&P SmallCap 600 constituent Ralcorp Holdings Inc. (NYSE: RAH) will replace Par Pharmaceutical Companies Inc. (NYSE: PRX) in the S&P MidCap 400, and Par Pharmaceutical will replace Ralcorp in the S&P SmallCap 600 after the close of trading on Monday, August 4. Ralcorp is merging with the Post Cereal assets of S&P 100 and S&P 500 constituent Kraft Foods Inc. (NYSE: KFT) in a transaction scheduled to be effected on or about that date, pending final approvals. Par Pharmaceutical’s market capitalization makes it an appropriate fit for the S&P SmallCap 600.

S&P REIT Composite constituent Cedar Shopping Centers Inc. (NYSE: CDR) will replace Angelica Corp. (NYSE: AGL) in the S&P SmallCap 600 after the close of trading on Monday, August 4. Angelica is being acquired by an affiliate of S&P 100 and S&P 500 constituent Lehman Brothers Holdings Inc. (NYSE: LEH) in a transaction expected to close on that date.


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Stocks Mentioned

AGL 35.26

-0.23 -0.65%
Volume: 216,607
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CDR 5.76

-0.29 -4.79%
Volume: 265,034
Track CDR

KEM 0.25

+0.00 +0.00%
Volume: 15,625,984
Track KEM

KFT 26.78

-0.25 -0.92%
Volume: 11,860,084
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LEH 0.13

+0.00 +0.00%
Volume: 0
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PCLN 172.00

+3.99 +2.37%
Volume: 1,500,185
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PRX 22.00

-0.78 -3.42%
Volume: 1,541,278
Track PRX

RAH 54.78

-0.12 -0.22%
Volume: 640,090
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