SAN FRANCISCO (Thomson Financial) - Philip Morris International Inc. will
replace Circuit City Stores Inc. in the Standard & Poor's 500 index after the
close of trading on Friday, March 28, S&P said late Thursday.
Philip Morris, which is being spun off by Altria Group Inc., will also
replace Allegheny Technologies Inc. in the S&P 100. Allegheny will remain in the
S&P 500.
S&P also said HCP Inc. will replace Commerce Bancorp Inc. in the S&P 500
after the close of trading on Monday, March 31. Commerce Bancorp is being
acquired by Toronto-Dominion Bank.
In addition, Hill-Rom Holdings Inc. will replace Hillenbrand Industries in
the S&P MidCap 400, and Hillenbrand Inc. will replace Caraustar Industries Inc.
in the S&P SmallCap 600 after the close of trading on March 31. Hillenbrand is
being spun off by Hillenbrand Industries.
Finally, FairPoint Communications Inc. will replace Coachmen Industries Inc.
in the S&P SmallCap 600 after the close of trading on March 31, S&P said.
FairPoint Communications is merging with certain spun-off assets from Verizon
Communications Inc.
Gabriel Madway
gm
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