are each set to be added to the
index, Standard & Poor's said Tuesday.
Internet conglomerate IAC will replace
following the telecom-gear maker's acquisition by
will replace Lucent in the S&P 100.
Questar, meanwhile, will replace North Fork Bancorp, which is being acquired by
Capital One Financial
In turn, Capital One Financial will replace
in the S&P 100. OfficeMax, with a market capitalization of $3.6 billion, currently ranks No. 100 in the index.
The IAC and Questar moves are effective after the close of trading Nov. 30.
Standard & Poor's also said that
in the S&P 500 on a date to be announced. Freescale is being acquired by a consortium of private equity firms led by the Blackstone Group in a deal that is still pending final approvals.
Shares of IAC recently jumped $1.82, or 5.4%, to $35.59 in after-hours trading, while shares of Questar climbed $1.55, or 1.9%, to $84.02. DirecTV advanced $1.10, or 4.9%, to $23.50.
The stocks of companies added to the S&P 500 often see a boost because mutual funds that track the index must buy the shares.