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CORRECT: Accenture To Replace Marshall & Ilsley In S&P 500 Next Month

("Accenture To Replace Marshall & Ilsley In S&P 500 Next Month," published at 5:43 p.m. ET, misstated the index's outgoing company in the headline. The correct version follows:) DOW JONES NEWSWIRES Standard & Poor's said consulting company Accenture PLC (ACN) would replace Marshall & Ilsley Corp. (MI) in the S&P500 index next month, when Bank of Montreal's (BMO, BMO.T) takeover of the regional bank is expected to close. Accenture shares rose 4.6% after hours on the news. The shares of a company joining a major index like the S&P 500 tend to rise as index-tracking funds buy the stock. The switch, effective after the close of trade July 5, adds one of the world's biggest standalone consulting companies to the key index. The company has been strengthening, as market share gains propel revenue growth. Its most recent quarterly revenue and earnings per share figures were record highs. In December, Bank of Montreal agreed to buy struggling regional bank Marshall & Ilsley in a stock-for-stock deal worth $4.1 billion, which would further strengthen the Canadian banks position in the Midwest. Marshall & Ilsley has reported more than two straight years of quarterly losses and has yet to repay the U.S. government for the $1.72 billion in bailout funds it received after the financial crisis. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Accenture (ACN)
DateTimeHeadline
12/18/201410:24:53Accenture Shares Hit New High As Results Top Views--Update
12/18/201410:05:06U.S. Hot Stocks: Hot Stocks to Watch
12/18/201408:26:55Accenture Results Top Expectations, But Company Lowers Profit...
12/17/201410:40:51France Told To Do More for Foreign Investors
12/15/201413:04:12MARKET SNAPSHOT: Crashing Crude May Blow A $1.6 Trillion Hole...
09/24/201412:23:16MARKET SNAPSHOT: Stocks Rebound After 3 Days Of Losses
09/24/201411:01:46MARKET SNAPSHOT: Stocks Waver, But Bed Bath & Beyond Rises
09/24/201409:57:07MARKET SNAPSHOT: U.S. Stocks Gain; New-home Sales Data On Deck
09/24/201409:06:36MARKET SNAPSHOT: U.S. Stocks: Futures Rise; New-home Sales Data...
09/24/201407:28:15MARKET SNAPSHOT: U.S. Stocks: Futures Up; New Home Sales On Deck
09/21/201411:15:12MARKET SNAPSHOT: Stronger Dollar Could Put Squeeze On Earnings
07/30/201417:00:27HealthCare.gov Construction Cost $840 Million, Watchdog Finds
07/30/201416:50:07Poorly Managed HealthCare.gov Construction Cost $840 Million...
07/08/201417:20:02Accenture Files 8K - Changes Executive Management
04/07/201410:47:25France's Sopra, Steria Said Planning Computer Services Tie-Up...
03/23/201407:07:35MARKET SNAPSHOT: Stock Buybacks Likely To Peak With End Of Cheap...
02/06/201416:33:15Massachusetts to Retain CGI as Changes Made to Health Exchange
01/14/201408:38:06Accenture Files 8K - Other Events
01/10/201414:16:24Source: U.S. Officials Ending Pact With HealthCare.Gov Contractor...
12/19/201316:55:16MARKET SNAPSHOT: Dow Hits High; Stocks Shrug Off Disappointing...

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