1. BHLB is acquiring Brookline Bancorp, pending final approval. 2. BHLB will rebrand to Beacon Financial Corp post-merger. 3. BHLB will retain its position in the S&P SmallCap 600 index.
The acquisition increases BHLB's market presence and potential revenue streams, similar to past bank mergers positively impacting stock prices.
The acquisition signifies growth potential, improving investor confidence and attracting institutional interest.
The merger's benefits, such as expanded customer base and assets, will materialize over time.
NEW YORK, Aug. 26, 2025 /PRNewswire/ -- Elanco Animal Health Inc. (NYSE:ELAN) will replace Sarepta Therapeutics Inc. (NASD: SRPT) in the S&P MidCap 400, and Sarepta Therapeutics will replace Brookline Bancorp Inc. (NASD: BRKL) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, September 2. S&P SmallCap 600 constituent Berkshire Hills Bancorp Inc. (NYSE:BHLB) is acquiring Brookline Bancorp in a deal expected to be completed soon, pending final closing conditions. Post merger, Berkshire Hills Bancorp will remain in the S&P SmallCap 600 with a name and ticker change to Beacon Financial Corp. (NYSE:BBT).
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
September 2, 2025 | S&P MidCap 400 | Addition | Elanco Animal Health | ELAN | Health Care |
September 2, 2025 | S&P MidCap 400 | Deletion | Sarepta Therapeutics | SRPT | Health Care |
September 2, 2025 | S&P SmallCap 600 | Addition | Sarepta Therapeutics | SRPT | Health Care |
September 2, 2025 | S&P SmallCap 600 | Deletion | Brookline Bancorp | BRKL | Financials |
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