Public StoragePublic Storage's acquisition of National Storage Affiliates Trust is expected to close, expanding its portfolio.
Molina Healthcare will replace National Storage Affiliates Trust in the S&P MidCap 400, while Construction Partners will take Molina's place in the S&P SmallCap 600, with both changes effective before the market opens on July 22, S&P Dow Jones Indices said. The reshuffle follows Public Storage's acquisition of National Storage Affiliates Trust, which is expected to close on or around that date, subject to customary closing conditions. Construction Partners shares rose 2.5% premarket.
Public StoragePublic Storage's acquisition of National Storage Affiliates Trust is expected to close, expanding its portfolio.
National Storage Affiliates Trust
Molina Healthcare IncMolina Healthcare will be added to the S&P MidCap 400, which typically attracts index fund buying and positive sentiment.
Construction Partners IncConstruction Partners will be added to the S&P SmallCap 600, driving index fund buying and positive sentiment; shares rose 2.5% premarket.