Nvidia Corp., a visual computing company, will replace Time Warner Inc. in the large-cap S&P 100 index, following AT&T Inc.'s acquisition of the New York-based entertainment company for $85.4 billion.
Commercial payment solutions provider FleetCor Technologies Inc. will replace Time Warner in the S&P 500 index, S&P Dow Jones Indices said June 15. The changes to the S&P 100 and S&P 500 will take effect prior to market open June 20.
Meanwhile, oil and gas firm Penn Virginia Corp. will replace medical-device maker Analogic Corp. in the S&P SmallCap 600 index before market trading begins June 22. Altaris Capital Partners LLC is acquiring Analogic in a deal that is expected to complete soon, pending final conditions.
S&P Dow Jones Indices and S&P Global Market Intelligence are owned by S&P Global Inc.