McGraw-Hill Financial's S&P Dow Jones Indices is making several adjustments to a pair of its signature products. On July 30 after market close, the S&P MidCap 400 will be the new home of Salix Pharmaceuticals (UNKNOWN:SLXP.DL), which advances from the S&P SmallCap 600 to replace Gardner Denver (UNKNOWN:GDI.DL). The latter company agreed to be acquired by KKR earlier this month.
The position vacated by Salix in the S&P SmallCap 600 will be filled by Agree Realty (NYSE:ADC). Elsewhere on that index, DXP Enterprises (NASDAQ:DXPE) will replace True Religion Apparel (NASDAQOTCBB:TRLG.DL). As with Gardner Denver in the S&P MidCap 400, True Religion Apparel is being acquired, in this case by private equity firm TowerBrook Capital Partners.
Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.