PetSmart Inc. will replace Sunoco Inc. 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. will replace PetSmart in the S&P Midcap 400 Index, while biotechnology company Acorda Therapeutics Inc. 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.