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Standard & Poor's said Friday that medical device maker Micrus Endovascular Corp. will replace CKE Restaurants Inc. in the S&P SmallCap 600 index after the close of trading on July 7.

CKE Restaurants is being acquired by affiliates of Apollo Management in a deal expected to close on or about July 7.

Shares of Micrus rose 97 cents, or 4.7 percent, to $21.44 in afternoon trading. The stock has traded between $7.80 and $22.24 over the last 52 weeks.

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