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Noble Energy to replace Archstone-Smith in S&P 500

LOS ANGELES
Mon Oct 1, 2007 7:17pm EDT

Stocks

   

LOS ANGELES (Reuters) - Standard & Poor's said on Monday that S&P MidCap 400 Index constituent Noble Energy Inc (NBL.N) will replace Archstone-Smith Trust ASN.N on the large-cap S&P 500 Index after the close of trading on Friday.

Funds News

Apartment landlord Archstone is being acquired by U.S. brokerage Lehman Brothers Holdings Inc LEH.N and property developer Tishman Speyer in a deal valued at about $22 billion including assumed debt.

Lamar Advertising Co (LAMR.O) will replace Noble Energy in the S&P MidCap 400 and Ashford Hospitality Trust Inc (AHT.N) will replace Archstone-Smith in the S&P REIT Composite.

(Reporting by Lisa Baertlein)
Funds News


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