Standard & Poor's
second change to the large-cap market measure this week.
S&P MidCap 400
component Fiserv will replace
Old Kent Financial
in the S&P 500 after the close of trading Friday. S&P 500 member
Fifth Third Bancorp
is acquiring Old Kent in a transaction the companies expect to close on that date.
will replace Fiserv in the S&P MidCap 400.
Mirant will replace
Briggs & Stratton
in the S&P 500 after the close of trading Monday. S&P 500 component
is spinning off its remaining 80.3% ownership stake in Mirant to Southern shareholders. Briggs & Stratton will be transferred to the
S&P SmallCap 600
, which is being removed for lack of representation.
in the S&P MidCap 400 after the close of trading April 4. S&P 500 member
is splitting off the remaining 80.5% of Coach that it owns. Maxxam is being removed for lack of representation.