Monday, Nov. 10, 2008 | 5:11 p.m.
Standard & Poor’s announced Monday it will add Wynn Resorts to the S&P 500 after the close of trading Thursday.
Wynn and dental supply company Dentsply International will replace merging chemical companies Ashland Inc. and Hercules Inc. on the S&P 500. The Ashland and Hercules merger will result in a company with a market value appropriate for the mid-cap S&P 400, S&P officials said.
Wynn will be added to S&P’s Global Industry Classification Standard in the Casinos & Gaming Sub-Industry index.
Following the market close after S&P’s announcement, Wynn shares rose about 5 percent to $49 in after-hours trading.
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