NEW YORK — Maine’s IDEXX Laboratories, (NASD: IDXX) will replace St. Jude Medical, Inc. (NYSE: STJ) in the S&P 500 at the close of trading today.
Also, S&P SmallCap 600 constituent The Chemours Company (NYSE: CC) will replace IDEXX in the S&P MidCap 400, and Shake Shack Inc. (NYSE: SHAK) will replace Chemours in the S&P SmallCap 600 after the close of trading today. Abbott Laboratories (NYSE: ABT) is acquiring St. Jude Medical in a deal expected to close today.
IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. Headquartered in Westbrook, ME, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.