Cadence Design Systems’ Entry into S&P 500 Among Index Changes Set For Next Week

Cadence Design Systems (CDNS) will replace Staples (SPLS) in the S&P 500, S&P SmallCap 600 constituent ILG Inc. (ILG) will replace Cadence Design Systems in the S&P MidCap 400, and Meta Financial Group Inc. (CASH) will replace ILG in the S&P SmallCap 600 effective prior to the open on Monday, Sept. 18.

Also, The Brink’s Co. (BCO) will replace VCA Inc. (WOOF) in the S&P MidCap 400. Mars is buying VCA in a deal expected to be completed soon.

ARMOUR Residential REIT Inc. (ARR) then replace Brink’s in the S&P SmallCap 600 effective prior to the open on Monday, Sept. 18.

Meanwhile, Callon Petroleum Company Inc. (CPE) will replace WebMD Health Corp. (WBMD) in the S&P MidCap 400. WebMD is being acquired by KKR (KKR).

Finally, before the open on Wednesday, Sept. 13, Whitestone REIT (WSR) will replace CDI Corp. (CDI) in the S&P SmallCap 600. AE Industrial Partners LLC is acquiring CDI in a deal expected to be completed on or about that date.

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