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Rambus up 6.5% after hours; moving into SmallCap 600

Sep. 24, 2015 6:58 PM ETRambus Inc. (RMBS) StockRMBS, RYL, CAA, HLXBy: Jason Aycock, SA News Editor1 Comment
  • Rambus (NASDAQ:RMBS) has moved up 6.5% after hours on news it's replacing Ryland Group (NYSE:RYL) in the S&P SmallCap 600 after the close on Oct. 1.
  • Ryland, which is up 1.5% after hours, is getting acquired by Standard Pacific (SPF) in a deal expected to close on that date. Standard Pacific -- which is changing its name to CalAtlantic Group -- is leaving the SmallCap 600 along with Ryland, to join the S&P MidCap 400.
  • Meanwhile, the other SmallCap 600 spot will be taken by Helix Energy Solutions (HLX -3.2%), which is leaving the MidCap 400 now that its market cap (about $557M) is "more representative of the small-cap market space." Helix is up 0.3% after hours.
  • Previously: Industry eyes Ryland/Standard Pacific merger (Jun. 15 2015)
  • Previously: Homebuilders Standard Pacific, Ryland Group agree to merge (Jun. 14 2015)

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