** Shares of Reynolds Consumer Products REYN.O up 4.5% premarket to $23.82 as co poised to join S&P SmallCap 600 index .SPCY this week

** Maker of Reynolds Wrap aluminum foil and Hefty trash bags to replace SpartanNash SPTN.O in SPCY effective on Weds, Sept 24, the S&P Dow Jones Indices said late Fri

** U.S. food distributor SpartanNash being acquired by C&S Wholesale Grocers in $1.8 bln deal expected to close soon, per S&P Dow Jones

** Stephens analyst Melissa Roberts said she expects passive fund demand for 7.4 mln REYN shares, implying nearly 6 days of buying demand

** REYN has ~210.3 mln shares outstanding for $4.8 bln market cap

** Through Fri, stock lost ~16% YTD

** 3 of 8 analysts covering REYN rate the stock "strong buy" or "buy", rest have "hold" and median PT is $25, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com ; 1-646-279-6380))