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ap

S&P to make substitution in SmallCap 600 index

Standard & Poor's to replace Bankrate with NetScout Systems in SmallCap 600 index

  • On 6:26 pm EDT, Tuesday September 15, 2009

NEW YORK (AP) -- Standard & Poor's said Tuesday that NetScout Systems Inc. will replace Bankrate Inc. in its S&P SmallCap 600 index after the close of trading Wednesday.

Apax Partners is acquiring Bankrate in a deal expected to close on or about Wednesday.

NetScout, listed on the Nasdaq Stock Market, makes and sells management products. It is based in Westford, Mass.

Its shares rose 67 cents, or 5.5 percent, to $12.79 in regular trading Tuesday, then gained another 71 cents, or 5.6 percent, to $13.50 in extended trading.

Bankrate shares were unchanged in regular trading and fell a penny to $28.47 in extended trading.

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