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Merit Medical Systems Inc. Added to S&P SmallCap 600 Index
NEW YORK, March 9 /PRNewswire/ -- Merit Medical Systems Inc. will replace
Rainbow Technologies Inc. in the S&P SmallCap 600 after the close of trading on
Monday, March 15, 2004. SafeNet Inc. is acquiring Rainbow Technologies in a
transaction anticipated to close on or about that date. The deal is still
subject to shareholder approval, and the combined company will not be added to
an S&P index at this time.
Standard & Poor's continues to monitor this transaction, and will post any
relevant updates on its website: http://www.standardandpoors.com/.
Merit Medical Systems makes and markets disposable proprietary medical products
used primarily in the diagnosis and treatment of cardiovascular disease.
Headquartered in South Jordan, UT, the company will be added to the S&P SmallCap
600 GICS (Global Industry Classification Standard) Health Care Supplies
sub-industry.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - March 15, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Merit Medical Health Care Health Care Supplies
Systems
DELETED Rainbow Information Technology Computer Storage &
Technologies Peripherals
Inc.
Additions to and deletions from an S&P equity index do not in any way reflect an
opinion on the investment merits of the companiesconcerned.
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 5000 employees
located in 20 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 investmentand 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
322 offices in 33 countries. Sales in 2003 were $4.8 billion. Additional
information is available at http://www.mcgraw-hill.com/.
DATASOURCE: Standard & Poor's
CONTACT: David Blitzer, Managing Director, Quantitative Services of
Standard & Poor's, +1-212-438-3907
Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/