AZZ (NYSE:AZZ)
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NEW YORK, March 9 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Monday, March 16, 2009:
-- S&P SmallCap 600 constituent Owens & Minor Inc. (NYSE:OMI) will
replace Chemtura Corp. (NYSE:CEM) in the S&P MidCap 400, and Helen of
Troy Ltd. (NASDAQ:HELE) will replace Owens & Minor in the S&P
SmallCap 600. As of today's close of trading, Chemtura had a market
capitalization of $39 million, ranking it 400th in the index.
-- AZZ Inc. (NYSE:AZZ) will replace A.H. Belo Corp. (NYSE:AHC) in the
S&P SmallCap 600. As of today's close of trading, A.H. Belo had a
market capitalization of $15 million, ranking it 600th in the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Owens & Minor is a distributor of medical and surgical supplies to the acute-care market and a healthcare supply-chain management company. Headquartered in Richmond, VA, the company will be added to the S&P 400 GICS (Global Industry Classification Standard) Health Care Distributors Sub-Industry index.
Helen of Troy is a designer, developer, importer and distributor of consumer products. Headquartered in El Paso, TX, the company will be added to the S&P SmallCap 600 GICS Household Appliances Sub-Industry index.
AZZ is an electrical equipment and components manufacturer. Headquartered in Fort Worth, TX, the company will be added to the S&P SmallCap 600 GICS Heavy Electrical Equipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - March 16, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Owens & Minor Health Care Health Care Distributors
DELETED Chemtura Materials Specialty Chemicals
S&P SMALLCAP 600 INDEX - March 16, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Helen of Troy Consumer Discretionary Household Appliances
AZZ Industrials Heavy Electrical Equipment
DELETED Owens & Minor Health Care Health Care Distributors
A.H. Belo Consumer Discretionary Publishing
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/