American Campus to Replace Lubrizol in S&P MidCap 400 Index
By Joanna Ossinger -
2011-09-14T21:25:13Z
American Campus Communities Inc. (ACC) will replace Lubrizol Corp. (LZ) in the Standard & Poor’s MidCap 400 Index after the close of trading on Sept. 16, S&P said in a statement today.
The change is being made because Lubrizol is being acquired by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), S&P said.
Austin, Texas-based American Campus Communities, which has a market value of $2.7 billion, operates on- and off-campus housing properties near colleges and universities. Its shares rose 2.7 percent to $40.10 in late trading at 5:23 p.m. in New York.
To contact the editor responsible for this story: Joanna Ossinger at jossinger@bloomberg.net
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