Smucker to Join S&P 500

It will replace construction-equipment maker Terex.
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Jam and jelly maker

Smucker

(SJM) - Get Report

will replace construction-equipment builder

Terex

(TEX) - Get Report

in the

S&P 500

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

(PG) - Get Report

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.