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Kraft To Join S&P 500

Stock quotes in this article: MO , KFT , ADP , PLXS , HAL , EK , TSG  

Kraft (KFT Quote) will replace Sabre Holdings (TSG Quote) in the S&P 500 following the food giant's full spinoff from Altria Group(MO Quote), Standard & Poor's said Thursday.

Altria is planning to spin off its 89% stake in Kraft on March 30; Sabre is set to be acquired by Silver Lake Partners and Texas Pacific Group in a deal expected to close around that date.

Kraft will replace Eastman Kodak (EK Quote) in the S&P 100. Kodak, with a market capitalization of about $6.8 billion, currently ranks No. 100 in the index. ...

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