Smith International to Join S&P 500

Newly acquired Golden West departs the index.
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Smith International

(SII)

will replace

Golden West Financial

(GDW)

in the

S&P 500

index after the close of trading on Friday.

Golden West is being acquired by

Wachovia

(WB) - Get 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.