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NEW YORK (
Accenture plc(ACN - Get Report) is being added to the
S&P 500, replacing
Marshall & Ilsley(MI) at the close of trading on July 5.
Standard & Poor's announced the change after Monday's closing bell, saying the change will follow Marshall & Ilsley's acquisition by
Bank of Montreal(BMO) on or around that date.
Shares of Accenture, an Irish provider of management consulting and technology services, closed Monday at $57.79, up nearly 18% so far in 2011 and 40% over the past year.
The ratings agency also disclosed a number of other changes to its indexes, saying
Amerigroup(AGP) will join the S&P Midcap 400 on July 1, replacing
Nationwide Health Properties(NHP), which is being acquired by
Northwest Bancshares(NWBI - Get Report) will replace Amerigroup in the S&P Smallcap 600 on the same date. Also joining the S&P Smallcap 600 will be
Lincoln Educational Services(LINC - Get Report), which will replace
Pre-Paid Legal Services(PPD) on June 30. Pre-Paid Legal is being acquired by MidOcean PPL Holdings Corp.
Amerigroup is a managed healthcare company headquartered in Virginia Beach, Va. The stock closed Monday at $66.83, up more than 46% so far in 2011, although it's pulled back since hitting a 52-week high of $71.71 on May 19.
Written by Michael Baron in New York.
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