(RTTNews) – CIT Group Inc. (CIT) will replace Tanger Factory Outlet Centers, Inc. (SKT) in the S&P MidCap 400 and Tanger Factory Outlet Centers will replace McDermott International, Inc. (MDR) in the S&P SmallCap 600 effective prior to the open of trading on Monday, January 27.
McDermott said it will file today to reorganize under Chapter 11 of the U.S. Bankruptcy Code.
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