NEW YORK, May 26 /PRNewswire/ -- S&P SmallCap 600
constituent Tractor Supply Co. (Nasdaq: TSCO) will replace OSI
Pharmaceuticals Inc. (Nasdaq: OSIP) in the S&P MidCap 400
index, and Hi-Tech Pharmacal Co., Inc. (Nasdaq: HITK) will replace
Tractor Supply in the S&P SmallCap 600 index after the close of
trading on Wednesday, June 2.
OSI Pharmaceuticals is being acquired by S&P Global 1200
constituent Astellas Pharma Inc. in a cash tender offer expected to
be completed on or about that date.
Standard & Poor's will monitor this transaction, and post
any relevant updates on its website: www.standardandpoors.com.
Tractor Supply operates retail farm and ranch stores.
Headquartered in Brentwood, TN,
the company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Specialty Stores Sub-Industry
index.
Hi-Tech Pharmacal Co. is a specialty manufacturer and marketer
of prescription, over-the-counter and nutritional products.
Headquartered in Amityville, NY,
the company will be added to the S&P SmallCap 600 GICS
Pharmaceuticals Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – June 2,
2010
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
|
ADDED
|
Tractor Supply
|
Consumer Discretionary
|
Specialty Stores
|
|
|
DELETED
|
OSI Pharmaceuticals
|
Health Care
|
Biotechnology
|
|
|
|
|
|
|
|
S&P SMALL CAP 600 INDEX – June 2,
2010
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
|
ADDED
|
Hi-Tech Pharmacal Co.
|
Health Care
|
Pharmaceuticals
|
|
|
DELETED
|
Tractor Supply
|
Consumer Discretionary
|
Specialty Stores
|
|
|
|
|
|
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SOURCE Standard & Poor's