McGraw-Hill Financial's S&P Dow Jones Indices is making several adjustments to a pair of its signature products. On July 30 after market close, the S&P MidCap 400 will be the new home of Salix Pharmaceuticals , which advances from the S&P SmallCap 600 to replace Gardner Denver . The latter company agreed to be acquired by KKR earlier this month.
The position vacated by Salix in the S&P SmallCap 600 will be filled by Agree Realty . Elsewhere on that index, DXP Enterprises will replace True Religion Apparel . As with Gardner Denver in the S&P MidCap 400, True Religion Apparel is being acquired, in this case by private equity firm TowerBrook Capital Partners.
This article was originally published as Salix Pharma Moves to S&P MidCap 400; Agree Realty and DXP to Join SmallCap 600on Fool.com
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