NEW YORK, Nov. 6 /PRNewswire/ -- S&P REIT Composite constituent Health Care REIT, Inc. (NYSE:HCN) will replace Ceridian Corp. (NYSE:CEN) in the S&P MidCap 400 after the close of trading on Thursday, November 8. Ceridian is being acquired by Thomas H. Lee Partners and S&P MidCap 400 constituent Fidelity National Financial, Inc. (NYSE:FNF) in a deal that is expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Health Care REIT is a REIT that invests primarily in healthcare and senior housing facilities in the United States. Headquartered in Toledo, OH, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Following is a summary of the change: S&P MIDCAP 400 INDEX - November 8, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Health Care REIT Financials Specialized REITs DELETED Ceridian Information Technology Data Processing &
Outsourced Services 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.
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