2023-03-28 17:25:42 ET
- Cloud-based software name N-able ( NYSE: NABL ) jumped 7.9% after hours Tuesday on news that it will join the S&P SmallCap 600 index.
- It's set to replace iStar ( STAR ) in that list. IStar is set to be acquired by SmallCap 600 constituent Safehold before the open of trading on Friday, March 31.
- Just prior to closing that acquisition, iStar will distribute shares in Star Holdings (STHO) -- and Star Holdings isn't eligible for the SmallCap 600 index as it's not representative of the small-cap space.
- The moves will all be wrapped up prior to the open of trading on Monday, April 3 .
For further details see:
N-able jumps 8% on addition to SmallCap 600 index