Jam and jelly maker
will replace construction-equipment builder
after the close of trading on Nov. 5, Standard & Poor's said Thursday.
Terex will then take Smucker's place in the S&P MidCap 400. The change is being made because Smucker is taking over
Procter & Gamble's
Folgers coffee business in a transaction expected to close that day.
Shares of Smucker rose 4.7% to $45.50 in late trading. The stock fell 2.3% in the regular session. Terex lost 4%.
This article was written by a staff member of TheStreet.com.