Standard & Poor's Announces Changes to U.S. Indices
10 Dezembro 2008 - 9:12PM
PR Newswire (US)
NEW YORK, Dec. 10 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices: -- Masimo Corp. (NASDAQ:MASI) will replace
PDL BioPharma Inc. (NASDAQ: NASDAQ:PDLI) in the S&P MidCap 400
after the close of trading on Thursday, December 18. PDL BioPharma
is spinning off its biotechnology operations in a transaction
expected to be completed on or about that date. After the spin-off,
PDL BioPharma will no longer be representative of the U.S. mid-cap
space. -- Clearwater Paper Corp. (NYSE:CLWwi) will replace
PharmaNet Development Group Inc. (NASDAQ:PDGI) in the S&P
SmallCap 600 after the close of trading on Tuesday, December 16.
S&P MidCap 400 and S&P REIT Composite constituent Potlatch
Corp. (NYSE:PCH) is spinning off Clearwater Paper in a transaction
expected to be completed on or about that date. As of today's
close, PharmaNet Development Group had a market capitalization of
approximately $17 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/. Masimo is
a medical technology company. Headquartered in Irvine, CA, the
company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Health Care Equipment
Sub-Industry index. Clearwater Paper is a pulp-based manufacturing
company. Headquartered in Spokane, WA, the company will be added to
the S&P SmallCap 600 GICS Paper Products Sub-Industry index.
Following is a summary of the changes: S&P SMALLCAP 600 INDEX -
December 16, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Clearwater Paper Materials Paper Products DELETED PharmaNet
Health Care Life Sciences Tools Development & Services S&P
MIDCAP 400 INDEX - December 18, 2008 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Masimo Health Care Health Care Equipment
DELETED PDL BioPharma Health Care Biotechnology 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., Standard & Poor's Managing
Director & Chairman of the Index Committee, +1-212-438-3907 Web
Site: http://www.standardandpoors.com/
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