Standard & Poor's
index. Mobil is being acquired by fellow S&P 500 component
will replace Mobil in the
will replace Citrix in the
S&P MidCap 400
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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
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
, a federal jury found that two microchip-related patents owned by
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
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.