- Priceline.com Inc. (NASD: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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