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: http://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 Sub-Industry index.
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 Sub-Industry index.
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
SECTOR SUB-INDUSTRY
ADDED Landstar System Industrials Trucking Immucor Health Care Health Care
Supplies DELETED Pacific Sunwear of Consumer Apparel Retail
California Discretionary Furniture Brands Consumer Home
Discretionary Furnishings S&P SMALLCAP 600 INDEX - January 16, 2009
COMPANY GICS ECONOMIC GICS
SECTOR SUB-INDUSTRY
ADDED American Science & Industrials Aerospace & Defense
Engineering 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
Laboratories Services DELETED Mentor 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 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 http://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/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907 Web Site: http://www.standardandpoors.com/
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