SAN FRANCISCO (Thomson Financial) - Standard & Poor's late Thursday said that Intuitive Surgical Inc. will replace Bear Stearns Cos. in the S&P 500 around June 2, pending the finalization of JPMorgan Chase & Co.'s acquisition of Bear.
In addition, S&P said that Shaw Group Inc. will replace Intuitive Surgical in the S&P MidCap 400, and II-VI Inc. will replace Shaw Group in the S&P SmallCap 600 on May 30.
S&P also said that Olympic Steel Inc. will replace X-Rite Inc. in the S&P SmallCap 600 on May 27. As of today's close of trading, X-Rite had a market cap of $38 million, ranking 600th in the index.
Additionally, Magellan Health Services Inc. will replace Bright Horizons Family Solutions Inc. in the S&P SmallCap 600 on a date to be announced. Bright Horizons is being acquired by Bain Capital Partners in a deal that is still pending final approvals.
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