Citrix to Replace Mobil in S&P 500 - TheStreet

Citrix to Replace Mobil in S&P 500

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Publish date:

Standard & Poor's

said

Citrix Systems

(CTXS) - Get Report

will replace

Mobil

(MOB)

in the

S&P 500

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

Exxon

(XON) - Get Report

.

Sara Lee

(SLE)

will replace Mobil in the

S&P 100

.

NStar

(NST)

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

Compuware

(CPWR)

agreed to extend its $9 a share tender offer for

Viasoft

(VIAS)

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.

Miscellany

Cleco

(CLN)

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

Microsoft's

(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.