Last week, Standard & Poor's announced it would be adding J.M. Smucker Co. (SJM) to the S&P 500 Index after the close of trading on Wednesday November 5, 2008. SJM is acquiring the Folgers coffee business from Procter & Gamble (PG) effective midnight Novemebr 5, 2008. Smuckers will replace Terex (TEX) in the Index.
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Source: Standard & Poor's (PDF)