Among A Raft Of Index Changes, Affiliated Managers Group To Join S&P 500

The S&P Dow Jones Indexes unveiled changes earlier this week to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indexes.

Among the changes announced Tuesday, Affiliated Managers Group (NYSE AMG) will replace Forest Laboratories Inc. FRX in the S&P 500 after the close of trading on Monday, June 30. LaSalle Hotel Properties LHO will replace Affiliated Managers in the S&P MidCap 400 and Sagent Pharmaceuticals Inc. SGNT will replace LaSalle in the S&P SmallCap 600.

Actavis PLC ACT is acquiring Forest in a deal expected to be completed on June 30.

Rayonier Advanced Materials RYAMW will replace Intrepid Potash Inc. IPI in the S&P MidCap 400, and Intrepid will replace JAKKS Pacific JAKK in the S&P SmallCap 600 after the close of trading on Friday, June 27. Rayonier Inc. is spinning off Rayonier Advance to shareholders.

Timken Steel Corp. will replace Greenhill & Co. GHL, and Greenhill replaces Spartan Motors Inc. SPAR in the SmallCap 600 June 30. Timken Co. TKR is spinning off TimkenSteel to shareholders.

Belden Inc. BDC will replace Fidelity National Inc. FNF in the S&P MidCap 400 June 30, when Synergy Resources SYRG will replace Belden in the S&P SmallCap 600. Fidelity is reclassifying its shares into two tracking stocks which are ineligible for S&P indexes.

Veritiv Corp VRTVW will replace Higher One Holdings Inc ONE in the S&P SmallCap 600 on Tuesday, July 1. International Paper IP is spinning off its distributions solutions unit, and the new company will merge with privately held UWW Holdings to create Veritiv.