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UPDATE: S&P: Western Union Replacing Andrew On S&P 500
Monday, September 25, 2006 7:34 PM


SAN FRANCISCO (Dow Jones) -- Standard & Poor's on Monday said Western Union Co. (NYSE:WU) (WU) will replace Andrew Corp. (NASDAQ-NMS:ANDW) in the S&P 500 after the market's close on Friday.

First Data Corp. (NYSE:FDC) (FDC) is expected to spin off the Englewood, Colo.-based provider of money wires and other financial services on or around that day.

The agency said Andrew Corp. (NASDAQ-NMS:ANDW) (ANDW) will replace Cabot Microelectronics Corp. (NASDAQ-NMS:CCMP) (CCMP) in the S&P MidCap 400, while Cabot will replace Bally Total Fitness Holding Corp. (NYSE:BFT) (BFT) in the S&P SmallCap 600.

At today's close Bally Total Fitness (NYSE:BFT) had a market capitalization of about $77 million, below the $300 million minimum to be considered for the S&P SmallCap 600 index.

These changes will also take place on Friday, S&P said.

S&P added that Inland Real Estate Corp. (NYSE:IRC) (IRC) will replace Maverick Tube Corp. (NYSE:MVK) (MVK) in the S&P SmallCap 600 on Oct. 2. Tenaris S.A. (NYSE:TS) (TS) , a S&P Global 1200 company, will close its acquisition of Maverick Tube (NYSE:MVK) around that date.

Wendy's International Inc. (NYSE:WEN) (WEN) will remain on the S&P 500 after the spinoff of its 82.75% ownership stake in Tim Hortons Inc.

Tim Hortons will not be added to a S&P U.S. index at this time, the agency said.

    (END) Dow Jones Newswires   09-25-06 1934   Copyright (c) 2006 Dow Jones & Company, Inc. 
(Source: iStockAnalyst )


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