Signature Bank to Replace Kinetic in S&P MidCap 400, S&P Says
Signature Bank will replace Kinetic Concepts Inc. (KCI) 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. (OPNT) will take New York-based Signature’s place in the S&P SmallCap 600 Index, S&P said.
To contact the editor responsible for this story: Joanna Ossinger at firstname.lastname@example.org