Denbury to replace Rohm and Haas in S&P 500
By
Associated Press
March 25, 2009
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Standard & Poor's said oil and gas developer Denbury Resources Inc. will replace Rohm and Haas Co. in the S&P 500 on April 1, when the chemical maker's acquisition by Dow Chemical Corp. is expected to close.
Corporate Office Properties Trust will replace Denbury Resources in the S&P MidCap 400.
S&P also announced that power provider Cleco Corp. will replace television company Belo Corp. in the S&P MidCap 400, and Pinnacle Financial Partners Inc. will replace Cleco in the S&P SmallCap 600.
As of Wednesday's close, Belo had a market capitalization of $81 million, ranking it 400th in the index.