Western Union to Join S&P 500

Western Union(WUWI Quote) will replace Andrew Corp.(ANDW Quote) in the S&P 500 index following the close of trading on Friday.

Western Union is being spun off by S&P 500 constituent First Data(FDC Quote) in a deal expected to close on or about that date.

Andrew Corp. will replace Cabot Microelectronics(CCMP Quote) in the S&P MidCap 400, and Cabot will replace Bally Total Fitness(BFT Quote) in the S&P SmallCap 600.

At Monday's close, Bally Total Fitness had a market capitalization of roughly $77 million; the minimum market cap required to maintain a listing in the S&P SmallCap 600 index is $300 million.