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Smith International to Join S&P 500

Newly acquired Golden West departs the index.
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Smith International


will replace

Golden West Financial


in the

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S&P 500

index after the close of trading on Friday.

Golden West is being acquired by


(WB) - Get Weibo Corporation Report

in a deal expected to close before the market opens on Monday.

Shares of Smith rose $1.73, or 4.6%, to $39.10 in after-hours trading.