Burlington Stores (BURL) will replace Envestnet (ENV) in the S&P MidCap 400, and Envestnet will replace Hostess Brands (TWNK) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 7. S&P 500 constituent The J. M. Smucker Co. (SJM) is acquiring Hostess Brands in an exchange offer expected to be completed on or about that date pending final conditions.
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Read More on BURL:
- Burlington Stores, Inc. Announces Third Quarter Fiscal Year 2023 Earnings Release Date, Conference Call and Webcast
- Burlington Stores initiated with an Outperform at Evercore ISI
- Burlington Stores to replace Envestnet in the S&P 400 at open on 11/7
- Burlington Stores price target lowered to $195 from $240 at BofA
- Burlington Stores call volume above normal and directionally bullish