Standard & Poor's Announces Changes to U.S. Indices
06 März 2009 - 12:06AM
PR Newswire (US)
NEW YORK, March 5 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100, S&P 500, S&P
MidCap 400 and S&P SmallCap 600 indices: -- S&P 500
constituent Monsanto Co. (NYSE:MON) will replace Tyco International
Ltd. (NYSE:TYC) in the S&P 100, S&P MidCap 400 constituent
Northeast Utilities (NYSE:NU) will replace Tyco International in
the S&P 500, S&P SmallCap 600 constituent Watson Wyatt
Worldwide Inc. (NYSE:WW) will replace Northeast Utilities in the
S&P MidCap 400, and ESCO Technologies Inc. (NYSE:ESE) will
replace Watson Wyatt in the S&P SmallCap 600, all after the
close of trading on a date to be announced. Tyco is in the process
of redomesticating to Switzerland, which will render it ineligible
for continued inclusion in the S&P 100 & 500 indices. --
OSI Pharmaceuticals Inc. (NASDAQ:OSIP) will replace Ferro Corp.
(NYSE:FOE) in the S&P MidCap 400 after the close of trading on
Thursday, March 12. As of today's close of trading, Ferro had a
market capitalization of approximately $40 million ranking it 400th
in the index. -- eHealth Inc. (NASDAQ:EHTH) will replace Champion
Enterprises Inc. (NYSE:CHB), and American Public Education Inc.
(NASDAQ:APEI) will replace Georgia Gulf Corp. (NYSE:GGC) in the
S&P SmallCap 600, after the close of trading on Thursday, March
12. As of today's close of trading, Champion Enterprises and
Georgia Gulf had market capitalizations of approximately $16
million and $12 million respectively, whereas the minimum market
cap needed to be admitted to the index is currently $200 million.
-- Neutral Tandem Inc. (NASDAQ:TNDM) will replace Interwoven Inc.
(NASDAQ:IWOV) in the S&P SmallCap 600 after the close of
trading on a date to be announced. Autonomy Corporation plc is
acquiring Interwoven in a deal that is still pending final
approvals. Standard & Poor's will monitor these transactions,
and post any relevant updates on its website:
http://www.standardandpoors.com/. Monsanto is a provider of
agricultural products for farmers. It is headquartered in St.
Louis, MO. Northeast Utilities is engaged primarily in the energy
delivery business. Headquartered in Springfield, MA, the company
will be added to the S&P 500 GICS (Global Industry
Classification Standard) Electric Utilities Sub-Industry index.
Watson Wyatt is a consulting firm, providing human capital and
financial management consulting services. Headquartered in
Arlington, VA, the company will be added to the S&P MidCap 400
GICS Human Resource & Employment Services Sub-Industry index.
ESCO Technologies is a producer of engineered products and systems.
Headquartered in St. Louis, MO, the company will be added to the
S&P SmallCap 600 GICS Industrial Machinery Sub-Industry index.
OSI Pharmaceuticals is a biotechnology company. Headquartered in
Melville, NY, the company will be added to the S&P MidCap 400
GICS Biotechnology Sub-Industry index. eHealth offers
Internet-based insurance agency services as well as technology
licensing and Internet advertising services. Headquartered in
Mountain View, CA, the company will be added to the S&P
SmallCap 600 GICS Insurance Brokers Sub-Industry index. American
Public Education is a provider of online postsecondary education.
Headquartered in Charles Town, WV, the company will be added to the
S&P SmallCap 600 GICS Education Services Sub-Industry index.
Neutral Tandem is a provider of tandem interconnection services.
Headquartered in Chicago, IL, the company will be added to the
S&P SmallCap 600 GICS Communications Equipment Sub-Industry
index. Following is a summary of the changes: S&P 100 INDEX -
TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Monsanto
Materials Fertilizers & Agricultural Chemicals DELETED Tyco
Industrials Industrial Conglomerates International S&P 500
INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Northeast Utilities Electric Utilities Utilities DELETED Tyco
Industrials Industrial Conglomerates International S&P MIDCAP
400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Watson Wyatt Industrials Human Resource & Employment
Services DELETED Northeast Utilities Electric Utilities Utilities
S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED ESCO Technologies Industrials Industrial
Machinery Neutral Tandem Information Technology Communications
Equipment DELETED Watson Wyatt Industrials Human Resource &
Employment Services Interwoven Information Technology Internet
Software & Services S&P MIDCAP 400 INDEX - March 12, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED OSI Health
Care Biotechnology Pharmaceuticals DELETED Ferro Materials
Specialty Chemicals S&P SMALLCAP 600 INDEX - March 12, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED eHealth
Financials Insurance Brokers American Public Consumer Discretionary
Education Services Education DELETED Champion Consumer
Discretionary Homebuilding Enterprises Georgia Gulf Materials
Commodity Chemicals About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index
provider, maintains a wide variety of investable and benchmark
indices to meet an array of investor needs. Its family of indices
includes the S&P 500, an index with $1.5 trillion invested and
$4.85 trillion benchmarked, and the S&P Global 1200, a
composite index comprised of seven regional and country headline
indices. For more information, please visit
http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of financial
market intelligence, including independent credit ratings, indices,
risk evaluation, investment research and data. With approximately
8,500 employees, including wholly owned affiliates, located in 23
countries and markets, Standard & Poor's is an essential part
of the world's financial infrastructure and has played a leading
role for more than 140 years in providing investors with the
independent benchmarks they need to feel more confident about their
investment and financial decisions. For more information, visit
http://www.standardandpoors.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman
of the Index Committee, +1-212-438-3907 Web Site:
http://www.standardandpoors.com/
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