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Standard & Poor's Announces Changes to S&P SmallCap 600 Index
NEW YORK, July 8 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P SmallCap 600 Index after the close of trading Thursday, July
15, 2004:
* S&P SmallCap 600 components Belden Inc. (NYSE:BWC) and Cable Design
Technologies (NYSE:CDT) are merging in a transaction anticipated to
close on or about that date, pending shareholder approval. The merged
company, Belden CDT Inc. (NYSE:BDC), will replace Cable Design
Technologies, while FindWhat.com (NASD: FWHT) will replace Belden, in
the S&P SmallCap 600.
* S&P REIT Composite Index constituent CRT Properties (NYSE:CRO) will
replace InVision Technologies Inc. (NASD: INVN) in the Index. InVision
is being acquired by S&P 500 constituent General Electric Co. (NYSE:GE)
in a deal expected to close on or about that date, pending regulatory
approval.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/.
Belden CDT is a manufacturer of high-speed electronic copper cable, focusing on
the specialty electronics and data networking markets. Headquartered in St.
Louis, MO, the company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Communications Equipment Sub-Industry Index.
FindWhat.com develops and markets performance-based advertising services for
the Internet. Headquartered in Fort Myers, FL, the company will be added to
the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry Index.
CRT Properties is a real estate investment trust that owns and manages suburban
office buildings in the southeastern and southwestern U.S. Headquartered in
Boca Raton, FL, the company will be added to the S&P SmallCap 600 Real Estate
Investment Trusts Sub-Industry Index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - July 15, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Belden CDT Inc. Information Technology Communications
Equipment
FindWhat.com Information Technology Internet Software &
Services
CRT Properties Inc. Financials Real Estate Investment
Trusts
DELETED Cable Design Information Technology Communications
Technologies Equipment
Belden Inc. Industrials Electrical Components
& Equipment
InVision Technologies Industrials Aerospace & Defense
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.
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 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
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 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/