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LOS ANGELES (MarketWatch) — Tobacco company Lorillard Inc. will replace Ambac
Financial Group Inc. in the S&P 500 Index , Standard & Poor’s said Tuesday
evening. The change will occur after the close of trading June 10. Lorillard is
being distributed via a two-tiered process that involves the retirement of a
portion of tracking stock Carolina Group , and an offer in which shares of S&P500 constituent Loews Corp. can be exchanged for remaining shares of Lorillard.

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Technorati Tags: Ambac Financial Group, Ambac Financial Group Inc, Carolina Group, Constituent, Financial Group Inc, Loews, Loews Corp, Lorillard Inc, Marketwatch, P500, Retirement, Shares, Tobacco Company, Tracking Stock, Tuesday Evening