( KFT) will replace
following the food giant's full spinoff from
, Standard & Poor's said Thursday.
Altria is planning to spin off its 89% stake in Kraft on March 30; Sabre is set to be acquired by Silver Lake Partners and Texas Pacific Group in a deal expected to close around that date.
Kraft will replace
( EK) in the S&P 100. Kodak, with a market capitalization of about $6.8 billion, currently ranks No. 100 in the index.
Elsewhere, Broadridge Financial Solutions, a spinoff of
Automatic Data Processing
, will replace
in the S&P MidCap 400.
KBR spinoff also will join the midcap index, replacing
Both of those moves also are effective after the close of trading March 30.