PetSmart to Replace Sunoco in S&P 500 as Refiner Is Acquired

PetSmart Inc. (PETM) will replace Sunoco Inc. (SUN) in the Standard & Poor’s 500 Index, according to a statement from the index provider.

The Phoenix-based pet retailer will be added to the U.S. equity benchmark after the close of trading on Oct. 4, the statement said. Sunoco, the Philadephia-based oil refiner, is being acquired by Energy Transfer Partners LP on or about that date, S&P said.

Retailer Cabela’s Inc. (CAB) will replace PetSmart in the S&P Midcap 400 Index (MID), while biotechnology company Acorda Therapeutics Inc. (ACOR) will take Cabela’s place in the S&P Smallcap 600, S&P said.

PetSmart shares added 2.5 percent to $69.24 at 5:41 p.m. in New York.

To contact the reporter on this story: Jeff Sutherland in New York at jsutherlan13@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

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