Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, Jan. 14
NEW YORK, Jan. 14 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
-- S&P SmallCap 600 constituent Landstar System Inc. (Nasdaq: LSTR)
will replace Pacific Sunwear of California Inc. (Nasdaq: PSUN) in the
S&P MidCap 400, and American Science and Engineering Inc. (Nasdaq:
ASEI) will replace Landstar System in the S&P SmallCap 600, after
the close of trading on Friday, January 16. On the same date, S&P
SmallCap 600 constituent Immucor Inc. (Nasdaq: BLUD) will replace
Furniture Brands International Inc. (NYSE: FBN) in the S&P MidCap
400, and AeroVironment Inc. (Nasdaq: AVAV) will replace Immucor in the
S&P SmallCap 600. As of today's close of trading, Pacific
Sunwear and Furniture Brands had market capitalizations of approximately
$74 million and $109 million respectively, whereas the minimum market
capitalization needed for admission to the S&P MidCap 400 index is
currently $750 million.
-- Bio-Reference Laboratories Inc. (Nasdaq: BRLI) will replace Mentor
Corp. (NYSE: MNT) in the S&P SmallCap 600 after the close of trading
on a date to be announced. S&P 100 & 500 constituent Johnson
& Johnson (NYSE: JNJ) is acquiring Mentor in a transaction expected
to be completed soon, pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: www.standardandpoors.com.
Landstar System is a provider of transportation capacity and logistics
services. Headquartered in Jacksonville, FL, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard) Trucking
American Science and Engineering develops, manufactures, markets, and sells
X-ray and other inspection equipment. Headquartered in Billerica, MA, the
company will be added to the S&P SmallCap 600 GICS Aerospace & Defense
Immucor provides automated instrument-reagent systems to the blood transfusion
industry. Headquartered in Norcross, GA, the company will be added to the S&P
MidCap 400 GICS Health Care Supplies Sub-Industry index.
AeroVironment designs, develops, produces and supports a portfolio of small
unmanned aircraft systems, and fast-charge systems for electric industrial
vehicle batteries. Headquartered in Monrovia, CA, the company will be added to
the S&P SmallCap 600 GICS Aerospace & Defense Sub-Industry index.
Bio-Reference Laboratories is an independent regional clinical laboratory.
Headquartered in Elmwood Park, NJ, the company will be added to the S&P
SmallCap 600 GICS Health Care Services Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - January 16, 2009
COMPANY GICS ECONOMIC GICS
ADDED Landstar System Industrials Trucking
Immucor Health Care Health Care
DELETED Pacific Sunwear of Consumer Apparel Retail
Furniture Brands Consumer Home
S&P SMALLCAP 600 INDEX - January 16, 2009
COMPANY GICS ECONOMIC GICS
ADDED American Science & Industrials Aerospace & Defense
AeroVironment Industrials Aerospace & Defense
DELETED Landstar System Industrials Trucking
Immucor Health Care Health Care Supplies
S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS GICS
ECONOMIC SECTOR SUB-INDUSTRY
ADDED Bio-Reference Health Care Health Care
DELETED Mentor Health Care Health Care
Additions to and deletions from an S&P equity index do not in any way reflect
an opinion on the investment merits of the companies concerned.
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 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.
SOURCE Standard & Poor's
Contact: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index
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