Keysight Technologies (KEYS) Set to Join S&P 500; Ligand Pharmaceuticals (LGND) to Join S&P MidCap 400; Marcus & Millichap (MMI) and Arcosa (ACA) to Join S&P SmallCap 600
(Updated - October 30, 2018 5:18 PM EDT)
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:
S&P MidCap 400 constituent Keysight Technologies Inc. (NYSE: KEYS) will replace CA Inc. (NASDAQ: CA) in the S&P 500, S&P SmallCap 600 constituent Ligand Pharmaceuticals Inc. (NASDAQ: LGND) will replace Keysight Technologies in the S&P MidCap 400, and Marcus & Millichap Inc. (NYSE: MMI) will replace Ligand Pharmaceuticals in the S&P SmallCap 600 prior to the open of trading on Tuesday, November 6. S&P 500 constituent Broadcom Inc. (NASDAQ: AVGO) is acquiring CA in a deal expected to close on or about that date pending final conditions.
Arcosa Inc. (NYSE: ACA) will replace KapStone Paper and Packaging Corp. (NYSE: KS) in the S&P SmallCap 600 effective prior to the open of trading on Monday, November 5. S&P MidCap 400 constituent Trinity Industries Inc. (NYSE: TRN) is spinning off Arcosa to shareholders in a deal expected to be completed on November 1. Post spin-off, Trinity Industries will remain in the S&P MidCap 400. S&P 500 constituent WestRock Co. (NYSE: WRK) is acquiring Kapstone Paper and Packaging in a deal expected to close on or about November 2 pending final conditions.