- Arthur J. Gallagher (AJG +1.2%) is heading to the S&P 500, to replace Coca-Cola Enterprises (NYSE:CCE-OLD).
- That move is effective after Friday's close, when the bottling operation is expected to close on a merger with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke, into Coca-Cola European Partners -- which will be ineligible for the index as it will be domiciled in Spain.
- At the same time, SmallCap 600 constituent Education Realty Trust (NYSE:EDR) will take Gallagher's place in the Midcap 400, and American Axle & Manufacturing Holdings (NYSE:AXL) will replace EDR in the SmallCap 600.
- After hours: AJG +0.5%; CCE-OLD -0.6%; EDR +1.2%; AXL +4.6%.
Arthur J. Gallagher heads to S&P 500; AXL +4.6%, joining SmallCap 600
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| Symbol | Last Price | % Chg |
|---|---|---|
| CCE | - | - |
| Coca-Cola Refreshments USA, Inc. | ||