-- S&P MidCap 400 constituent Denbury Resources Inc. (NYSE: DNR) will replace Rohm and Haas Co. (NYSE: ROH) in the S&P 500, and Corporate Office Properties Trust (NYSE: OFC) will replace Denbury Resources in the S&P MidCap 400. S&P 100 & 500 constituent The Dow Chemical Corp. (NYSE: DOW) is acquiring Rohm and Hass in a transaction expected to be completed on or about that date.
-- S&P SmallCap 600 constituent Cleco Corp. (NYSE: CNL) will replace Belo Corp. (NYSE: BLC) in the S&P MidCap 400, and Pinnacle Financial Partners Inc. (Nasdaq: PNFP) will replace Cleco in the S&P SmallCap 600. As of today's close of trading Belo had a market capitalization of $81 million, ranking it 400th in the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Denbury Resources is engaged in the acquisition, development, operation and exploration of oil and natural gas properties. Headquartered in
Corporate Office Properties is a specialty office real estate investment trust (REIT). Headquartered in
Cleco is a public utility company. Headquartered in
Pinnacle Financial operates as a community bank primarily in urban markets. Headquartered in
Following is a summary of the changes:
S&P 500 INDEX - April 1, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Denbury Energy Oil & Gas Exploration & Resources Production DELETED Rohm and Materials Diversified Chemicals Haas S&P MIDCAP 400 INDEX - April 1, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Corporate Financials Office REITs Office Properties Cleco Utilities Electric Utilities DELETED Denbury Energy Oil & Gas Exploration & Resources Production Belo Corp. Consumer Discretionary Broadcasting S&P SMALLCAP 600 INDEX - April 1, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Pinnacle Financials Regional Banks Financial DELETED Cleco Utilities Electric Utilities
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