Hewitt Associates to join S&P MidCap 400
By
Associated Press
January 29, 2009
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Standard & Poor's said Thursday Hewitt Associates Inc. will replace Puget Energy Inc. in the S&P MidCap 400 index after the close of trading on Feb. 6.
Hewitt provides human resource benefits, outsourcing and consulting services.
Puget Energy is being sold to Macquarie Infrastructure Partners in a deal expected to close on or near Feb. 6, S&P said.
S&P is also removing Datascope Corp. from the S&P SmallCap 600 after the market close on Friday, and replacing it with Neogen Corp., which develops food and animal safety products.
Hewitt's shares jumped $1.73, or 6.5 percent, to $28.50 in after-hours trading. The stock closed down 43 cents at $26.77.
Shares of Neogen climbed 52 cents, or 2.2 percent, to $24.13 after hours. The stock closed down 99 cents at $23.61.