S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc. (MHP), said Thursday that S&P MidCap 400 constituent Kansas City Southern (KSU) will replace Dean Foods Co. (DF) in the S&P 500, Dean Foods will replace Kansas City Southern in the S&P MidCap 400, and WhiteWave Foods Co. (WWAV) will replace Quicksilver Resources Inc. (KWK) in the S&P MidCap 400 after the close of trading on May 23.
Dean Foods is spinning off a portion of its remaining equity interest in WhiteWave in a deal expected to be completed on or around that date, pending final approvals. The reduced market capitalization of Dean Foods after the spin-off will make it more representative of the midcap market space.
Quicksilver Resources is ranked 400th in the S&P MidCap 400 and is no longer representative of the midcap market space, S&P said.
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