NEW YORK, June 18 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 index: -- TTM Technologies Inc. (NASDAQ:TTMI) will replace Viasys Healthcare
Inc. (NYSE:VAS) in the S&P SmallCap 600 after the close of trading on
Wednesday, June 20. Viasys is being acquired by S&P 500 constituent
Cardinal Health Inc. (NYSE:CAH) in a tender offer expected to expire
on that date.
-- Tower Group Inc. (NASDAQ:TWGP) will replace Biosite Incorporated
(NASDAQ:BSTE) in the S&P SmallCap 600 after the close of trading on
Monday, June 25. Biosite is being acquired by Inverness Medical
Innovations Inc. (AMEX:IMA) in a tender offer expected to expire on
that date.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
TTM Technologies provides printed circuit boards and backplane assemblies in the United States. Headquartered in Santa Ana, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Electronic Manufacturing Services Sub-Industry index.
Tower Group offers a range of specialized property and casualty insurance products and services to small to mid-sized businesses and individuals in New York, New Jersey, Massachusetts, and Pennsylvania. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Property & Casualty Insurance Sub-Industry index.
Following is a summary of the changes: S&P SMALLCAP 600 INDEX - June 20, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR ADDED TTM Information Electronic
Technologies Technology Manufacturing
Services DELETED Viasys Health Care Health Care
Equipment S&P SMALLCAP 600 INDEX - June 25, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR ADDED Tower Group Financials Property &
Casualty
Insurance DELETED Biosite Health Care Health Care
Equipment 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 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 7,500 employees, including wholly-owned affiliates, located in 21 countries, 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/.
About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee (212) 438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
|