Vertex, Ametek Shares to Join S&P 500 Index, Replacing AMD, SAIC

Thursday, 12 Sep 2013 08:28 AM

 

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Four companies are switching places on some Standard & Poor's indices.

Vertex Pharmaceuticals and Ametek Inc. will join the S&P 500, taking the spots of Advanced Micro Devices Inc. and SAIC Inc. AMD and SAIC will take the places of Vertex and Ametek on the S&P MidCap 400.

S&P said Thursday that the moves will better align the businesses with indices more representative of their market capitalizations. Both Vertex and Ametek have market capitalizations of more than $10 billion.

The companies will switch places on Sept. 20.

S&P also announced that Capstead Mortgage Corp. will replace Rue 21 Inc. on the S&P SmallCap 600 on Sept. 19. Rue 21 is being taken private in a deal with private equity firm Apax Partners that is expected to close on that date.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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