Foot Locker Inc. will replace Cameron International Corp. in the S&P 500 index after the close of trading on April 1, according to S&P Dow Jones Indices.

Houston-based Cameron International is being bought out by oil services giant Schlumberger Ltd. in a cash-and-stock deal valued at $12.7 billion.

Meanwhile, real-estate investment trust DCT Industrial Trust Inc. will take over Foot Locker's spot in the S&P MidCap 400.

Shares of companies that join the S&P 500 often rise as portfolio managers who track the index buy shares.

Foot Locker's shares, up 5% over the past 12 months, rose 1.8% to $66.35 in after-hours trading.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

March 28, 2016 18:55 ET (22:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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