NEW YORK (AP) - The Nasdaq Stock Market said Monday Irish discount airline Ryanair Holdings PLC will become a part of the Nasdaq-100 index and the Nasdaq 100 Equal Weighted index before the market opens Feb. 14.

The exchange said Ryanair will replace American Power Conversion Corp., which manufactures power products. France-based Schneider Electric's deal to buy American Power is expected to close shortly.

The exchange added the company will also be included in the Nasdaq-100 Index Tracking Stock, which represents ownership in the Nasdaq-100 Trust.

Ryanair has a market capitalization of $5.6 billion, which will be used in the Nasdaq-100 index weighting, the exchange said.

Ryanair shares rose 3 percent, or $2.98, to $97.73 in afternoon trading on the Nasdaq.