S&P Dow Jones Indices announced late Monday afternoon that Prestige Brands Holdings, Inc. PBH will replace Cleco Corporation CNL in the S&P MidCap 400 index.
Cleco will be removed from the index after Wednesday's trading session as Macquarie Infrastructure Partner's acquisition of the constituent will be completed on or around that date.
The index manager also announced that Great Western Bancorp Inc GWB will replace Prestige Brands Holdings in the S&P SmallCap 600 index.
Prestige Brands Holdings willl also be added to the S&P MidCap 400 Pharmaceuticals Sub-Industry index and Bancorp will be added to the S&P SmallCAp 600 GICS Regional Banks Sub-Industry index.
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