NEW YORK, Oct. 7 /PRNewswire/ -- S&P MidCap 400 constituent Patterson Companies Inc. (NASDAQ:PDCO) will replace Delphi Corp. (NYSE:DPH) in the S&P 500 after the close of trading on Monday, October 10, 2005. As of today's close of trading Delphi had a market capitalization of approximately $634 million, ranking 500th in the index. MSC Industrial Direct Co. Inc. (NYSE:MSM) will replace Patterson in the S&P MidCap 400.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Patterson distributes dental products and veterinary supplies. Headquartered in St. Paul, MN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Distributors Sub- Industry Index.
MSC Industrial is a direct marketer of industrial supplies and equipment. Headquartered in Melville, NY, the company will be added to the S&P MidCap 400 GICS Trading Companies & Distributors Sub-Industry Index.
Following is a summary of the changes: S&P 500 INDEX - October 10, 2005 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR ADDED Patterson Health Care Health Care
Distributors DELETED Delphi Consumer Auto Parts &
Discretionary Equipment
S&P MIDCAP 400 INDEX - October 10, 2005 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR ADDED MSC Industrial Industrials Trading Companies
& Distributors DELETED Patterson Health Care Health Care
Distributors 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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