Albertsons gains on S&P MidCap 400 addition

Shares of supermarket chain Albertsons ACI.N up 4.3% before the bell to $20.60 as co set to join S&P MidCap 400 index .IDX next week

ACI to replace Aspen Technology AZPN.O in the IDX effective Tues, Mar 11, the S&P Dow Jones Indices said

Emerson Electric EMR.N buying rest of industrial software firm AZPN in about $7 bln deal expected to close soon

With ~579.4 mln shares outstanding, ACI has ~$11.5 bln market cap, per LSEG

ACI shares are up fractionally YTD through Tues close, following nearly 15% drop in 2024

On Mon, ACI appointed insider Susan Morris as CEO to succeed Vivek Sankaran, who will retire, just months after its scuttled merger with Kroger KR.N

Also on Mon, KR ousted its long-time CEO Rodney McMullen after a board probe found his personal conduct "inconsistent" with certain co policies