Citrix to Replace Mobil in S&P 500 - TheStreet

Citrix to Replace Mobil in S&P 500

Publish date:

Standard & Poor's


Citrix Systems

(CTXS) - Get Report

will replace



in the

S&P 500

index. Mobil is being acquired by fellow S&P 500 component


(XON) - Get Report


Sara Lee


will replace Mobil in the

S&P 100




will replace Citrix in the

S&P MidCap 400


After-Hours Markets

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In other postclose news:

Mergers, acquisitions and joint ventures



agreed to extend its $9 a share tender offer for



until Nov. 5. The extension follows yesterday's announcement by the

Justice Department

that it would file a lawsuit to block the transaction on the grounds that the combined companies would increase the price of some mainframe software . The companies said they still remain committed to the completion of the merger.




said David Eppler will succeed Gregory Nesbitt as CEO after his planned retirement in May 2000. Eppler was named president and COO in January.

In a decision seen as a victory for

Cypress Semiconductor

(CY) - Get Report

, a federal jury found that two microchip-related patents owned by

EMI Group's

U.S. subsidiary are invalid. EMI's North American unit had charged Cypress with patent infringement and had sought $4.8 million in back royalties.

The award for nonevent of the week goes to the U.S. district court handling


(MSFT) - Get Report

antitrust trial, for its release of a statement that said there would be no announcement today of the "findings of fact" in the case. Last week, court officials said the judge's "factual findings" will be issued at 6:30 p.m. ET on an upcoming Friday in Washington, but didn't indicate which Friday.