Following the scheduled completion of the acquisition of K-Swiss (NASDAQ:KSWS) by E-Land World tomorrow, Standard & Poor's will replace the sneaker maker in its SmallCap 600 index with Taylor Capital (NASDAQ:TAYC), a provider of commercial banking products and services, S&P announced Friday.
Taylor will be added to the regional banks sub-industry index. Taylor Capital Group has a market cap of about $415 million. S&P said additions to and deletions from an index do not in any way reflect an opinion on the investment merits of the companies involved.
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