Iron Mountain Inc. will replace UST Inc. in the S&P 500 after the close of trading on a date to be announced. UST is in the process of being acquired by S&P 100 and 500 constituent Altria Group Inc. in a deal that is anticipated to close in the first full week of 2009.
ALPHARMA Inc. will be removed from the S&P SmallCap 600 after the close of trading on Tuesday, 30 December. The company has been acquired by S&P 500 constituent King Pharmaceuticals Inc. in a tender offer that expired today. Franklin Street Properties Corp. will take the place occupied by ALPHARMA in the S&P SmallCap 600 after the close of trading on Wednesday, 31 December.
Iron Mountain provides information protection and storage services. Headquartered in Boston, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Diversified Support Services Sub-Industry Index.
Franklin Street Properties is a REIT which operates in two business segments: real estate operations and investment banking/investment services. Headquartered in Wakefield, MA, the company will be added to the S&P SmallCap 600 GICS Office REITs Sub-Industry Index.
L.D.