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Southwestern Energy to join S&P 500

By Associated Press
May 27, 2008 | Comments (0)

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Standard & Poor's, a division of McGraw-Hill Cos., said Tuesday Southwestern Energy Co. will replace Trane Inc. in the benchmark S&P 500 Index after the close of trading June 5.

Southwestern Energy of Houston explores for and produces gas and oil.

Trane is being acquired by Ingersoll-Rand.

Commerce Bancshares, which provides banking services in Missouri, Kansas and Nebraska, will replace Southwestern Energy in the S&P MidCap 400. The regional bank in based in Kansas City, Mo.

In addition, Darling International Inc. will replace Performance Food Group Co. in the S&P SmallCap 600 after the close of trading on Thursday. Performance Food was acquired by The Blackstone Group. Darling, based in Irving, Texas, recycles food processing byproducts.

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