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Signature Bank to Replace Kinetic in S&P MidCap 400, S&P Says

Signature Bank will replace Kinetic Concepts Inc. in the Standard & Poor’s MidCap 400 Index after the close of trading on Nov. 4, S&P said in a statement today.

The change is being made because Kinetic is being acquired by a group led by Apax Partners in a deal expected to be completed around that time, S&P said.

Opnet Technologies Inc. will take New York-based Signature’s place in the S&P SmallCap 600 Index, S&P said.

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