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Constellation to be replaced on S&P 500 index

Constellation Energy Group, which is being sold to Chicago-based Exelon Corp., will be replaced on the S&P 500 index by a Houston wireless company.

Exelon is acquiring Constellation in a $7.9 billion deal that is waiting for approval from the Federal Energy Regulatory Commission.

S&P will announce the date when Crown Castle International Corp. is to replace Constellation on the index after the merger deal closes.

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