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S&P to add Enphase Energy to 500 index, remove WPX Energy from MidCap 400

S&P Dow Jones Indices said solar technology company Enphase Energy Inc. will be removed from the S&P MidCap 400 index to join the S&P 500, replacing New York-based jewelry maker Tiffany & Co.

French luxury group LVMH Moët Hennessy - Louis Vuitton SE is buying Tiffany in a deal valued at about $15.8 billion.

Luxury fashion company Capri Holdings Ltd. will replace Enphase Energy in the S&P MidCap 400, while fitness drinks maker Celsius Holdings Inc. will replace Capri Holdings in the S&P SmallCap 600.

Elsewhere, semiconductor manufacturing company Brooks Automation Inc. will replace oil and natural gas driller WPX Energy Inc. in the S&P MidCap 400 and cosmetics company e.l.f. Beauty, Inc. will replace Brooks Automation in the S&P SmallCap 600.

Devon Energy Corp., which is a constituent of the S&P 500, is acquiring WPX Energy in an all-stock merger of equals valued at $12 billion.

The changes will be effective before market open Jan. 7, 2021.

S&P Global Market Intelligence and S&P Dow Jones Indices are owned by S&P Global Inc.