NEW YORK, Feb. 10, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

• S&P SmallCap 600 constituent Teledyne Technologies Inc. (NYSE: TDY) will replace Covance Inc. (NYSE: CVD) in the S&P MidCap 400, and Popeyes Louisiana Kitchen Inc. (NASD: PLKI) will replace Teledyne Technologies in the S&P SmallCap 600 after the close of trading on Wednesday, February 18. S&P 500 constituent Laboratory Corporation of America Holdings (NYSE: LH) is acquiring Covance in a deal expected to be completed on or about that date pending final approvals.
• Iridium Communications Inc. (NASD: IRDM) will replace Digital River Inc. (NASD: DRIV) in the S&P SmallCap 600 after the close of trading on Friday, February 13. Private equity firm Siris Capital Group is acquiring Digital River in a deal expected to be completed soon pending final approvals.

Teledyne Technologies manufactures and sells aerospace and defense products.  Headquartered in Thousand Oaks, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Aerospace & Defense Sub-Industry index.

Popeyes Louisiana Kitchen develops, operates, and franchises quick-service restaurants. Headquartered in Atlanta, GA, the company will be added to the S&P SmallCap 600 Restaurants Sub-Industry index.

Iridium Communications provides mobile voice and data communications services through satellite. Headquartered in McLean, VA, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:

David Blitzer 
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices 
(+1) 212 438 3907 
david.blitzer@spdji.com 

David R. Guarino 
Communications 
S&P Dow Jones Indices 
(+1) 212 438 1471 
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices