NEW YORK, Feb. 19 /PRNewswire/ -- Syniverse Holdings Inc. (NYSE:SVR) will replace Advanced Medical Optics Inc. (NYSE:EYE) in the S&P MidCap 400 after the close of trading on a date to be announced. Advanced Medical Optics is being acquired by S&P 100 and 500 constituent Abbott Laboratories (NYSE:ABT) in a cash tender offer that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Syniverse Holdings is an enabler of wireless voice and data services for telecommunications companies. Headquartered in Tampa, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Wireless Telecommunication Services Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Syniverse Telecommunication Wireless Telecommunication
Services Services DELETED Advanced Medical Health Care Health Care Equipment
Optics
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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