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Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, May 19 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P MidCap 400 and S&P SmallCap 600:
* S&P SmallCap 600 constituent Advanced Medical Optics Inc. (NYSE:AVO)
will replace VISX Inc. (NYSE:EYE) in the S&P MidCap 400 after the close
of trading on a date to be announced. Advanced Medical Optics is
acquiring VISX in a deal that is still pending final approval. When
added to the S&P MidCap 400, Advanced Medical Optics' GICS Sub-Industry
will simultaneously change from Health Care Supplies to Health Care
Equipment. EastGroup Properties Inc. (NYSE:EGP) will replace Advanced
Medical Optics in the S&P SmallCap 600.
* Old Dominion Freight Line Inc. (NASD:ODFL) will replace USF Corp.
(NASD:USFC) in the S&P SmallCap 600 after the close of trading on
Tuesday, May 24. S&P MidCap 400 constituent Yellow Roadway Corp.
(NASD:YELL) is acquiring USF in a deal expected to close on or about
that date, pending shareholder approval.
* Peet's Coffee & Tea Inc. (NASD:PEET) will replace Alliance
Semiconductor Corp. (NASD:ALSC) in the S&P SmallCap 600 after the close
of trading on Tuesday, May 24. Alliance Semiconductor has traded below
$2.00 per share for more than five consecutive days, and had a market
capitalization of roughly $ 58 million as of the close of trading on
May 18.
* Advanced Neuromodulation Systems Inc. (NASD:ANSI) will replace
Insurance Auto Auctions Inc. (NASD:IAAI) after the close of trading on
Wednesday, May 25. Insurance Auto Auctions is being acquired by the
private equity concern Kelso & Co. in a deal that is still pending
final approval.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/ .
Advanced Medical Optics develops, makes and markets medical devices for the eye
and eye-care products. Headquartered in Santa Ana, CA, the company will be
added to the S&P MidCap 400 GICS (Global Industry Classification Standard)
Health Care Equipment Sub-Industry Index.
EastGroup Properties is a real estate investment trust which owns a portfolio
primarily consisting of industrial properties in the Sunbelt. Headquartered in
Jackson, MS, the company will be added to the S&P SmallCap 600 Real Estate
Investment Trusts Sub-Industry Index.
Old Dominion Freight Line is a less-than-truckload multi-regional motor
carrier. Headquartered in Thomasville, NC, the company will be added to the S&P
SmallCap 600 Trucking Sub-Industry Index.
Peet's Coffee & Tea sells specialty coffees, teas, prepared beverages and
pastry. Headquartered in Emeryville, CA, the company will be added to the S&P
SmallCap 600 GICS Packaged Foods & Meats Sub-Industry Index.
Advanced Neuromodulation Systems specializes in implantable medical devices
used to manage chronic intractable pain and other disorders of the central
nervous system. Headquartered in Dallas, TX, the company will be added to the
S&P SmallCap 600 GICS Health Care Equipment Sub-Industry Index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Advanced Medical Health Care Health Care Equipment
Optics
DELETED VISX Health Care Health Care Equipment
S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED EastGroup Properties Financials Real Estate Investment
Trusts
DELETED Advanced Medical Health Care Health Care Supplies
Optics
S&P SMALLCAP 600 INDEX - May 24, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Old Dominion Freight Industrials Trucking
Line
Peet's Coffee & Tea Consumer Staples Packaged Foods & Meats
DELETED USF Corp. Industrials Trucking
Alliance Information Technology Semiconductors
Semiconductor
S&P SMALLCAP 600 INDEX - May 25, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Advanced Health Care Health Care Equipment
Neuromodulation
Systems
DELETED Insurance Auto Industrials Diversified Commercial &
Auctions Professional Services
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 independent credit ratings, indices, risk
evaluation, investment research, data and valuations. With 6,000 employees 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/ .
Founded in 1888, The McGraw-Hill Companies 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, BusinessWeek and McGraw-Hill Education. The Corporation has more than
280 offices in 37 countries. Sales in 2004 were $5.3 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
+1-212-438-3907
Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/