after the grocer is acquired, Standard and Poor's said Thursday.
The change will come on a to-be-announced date, S&P said. Albertson's is in the process of being bought by
in a deal that is still pending final approval.
Shares of Juniper, a network-equipment maker, recently jumped 91 cents, or 6%, to $16.20 in after-hours trading. Companies added to the S&P 500 often see their shares get an initial lift because mutual funds that track the index will have to buy the stock.
S&P also said that
will be added to the S&P MidCap 400 index. The metal manufacturer and recycler will replace
Independence Community Bank
( ICBC), which is being acquired by
Commercial Metals shares recently rose 58 cents, or 2.4%, to $25.19 in late trading.
In addition, S&P said
Lincoln Electric Holdings
, which is being bought by private investors, in the S&P MidCap 400. Lincoln Electric was originally set to take the place of
( ANT) in the MidCap 400, but Anteon's acquisition by
still doesn't have regulatory approval. S&P said Anteon's replacement will be announced when the completion of the deal is clarified.