Standard & Poor's Announces Changes to U.S. Indices
July 26 2007 - 6:27PM
PR Newswire (US)
NEW YORK, July 26 /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 IDEX
Corp. (NYSE:IEX) will replace BISYS Group Inc. (NYSE:BSG) in the
S&P MidCap 400 and CyberSource Corp. (NASDAQ:CYBS) will replace
IDEX Corp. in the S&P SmallCap 600 after the close of trading
on Wednesday, August 1. BISYS is being acquired by S&P 100
& 500 constituent Citigroup Inc. (NYSE:C) in a deal expected to
close on or about that date, pending final approvals. -- SYNNEX
Corp. (NYSE:SNX) will replace EGL Inc. (NASDAQ:EAGL) in the S&P
SmallCap 600 after the close of trading on Thursday, August 2. EGL
Inc. is being acquired by an affiliate of Apollo Management L.P. in
a deal expected to close on or about that date, pending final
approvals. -- The Knot Inc. (NASDAQ:KNOT) will replace Aeroflex
Inc. (NASDAQ:ARXX) in the S&P SmallCap 600 after the close of
trading on a date to be announced. Aeroflex is being acquired by
Veritas Capital in a deal still pending final approvals. Standard
& Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/. IDEX
manufactures and sells various engineered industrial products.
Headquartered in Northbrook, IL, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard)
Industrial Machinery Sub- Industry index. CyberSource provides
electronic payment and risk management solutions to organizations
that process orders for goods and services over the Internet.
Headquartered in Mountain View, CA, the company will be added to
the S&P SmallCap 600 GICS Internet Software & Services
Sub-Industry index. SYNNEX operates as an information technology
supply chain services company. Headquartered in Fremont, CA, the
company will be added to the S&P SmallCap 600 GICS Technology
Distributors Sub-Industry index. The Knot provides multi-platform
media services to the wedding and newlywed markets in the United
States. Headquartered in New York, NY, the company will be added to
the S&P SmallCap 600 GICS Internet Software & Services
Sub-Industry index. Following is a summary of the changes: S&P
MIDCAP 400 INDEX - August 1, 2007 COMPANY GICS ECONOMIC GICS
SUB-INDUSTRY SECTOR ADDED IDEX Industrials Industrial Machinery
DELETED BISYS Group Information Data Processing & Technology
Outsourced Services S&P SMALLCAP 600 INDEX - August 1, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED CyberSource
Information Internet Software Technology & Services DELETED
IDEX Industrials Industrial Machinery S&P SMALLCAP 600 INDEX -
August 2, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED
SYNNEX Information Technology Technology Distributors DELETED EGL
Industrials Air Freight & Logistics S&P SMALLCAP 600 INDEX
- - To Be Announced COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR
ADDED The Knot Information Internet Technology Software &
Services DELETED Aeroflex Information Electronic Equipment
Technology Manufacturers 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/
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