Standard & Poor's Announces Changes to U.S. Index
19 June 2007 - 9:30AM
PR Newswire (US)
NEW YORK, June 18 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P SmallCap 600 index: -- TTM
Technologies Inc. (NASDAQ:TTMI) will replace Viasys Healthcare Inc.
(NYSE:VAS) in the S&P SmallCap 600 after the close of trading
on Wednesday, June 20. Viasys is being acquired by S&P 500
constituent Cardinal Health Inc. (NYSE:CAH) in a tender offer
expected to expire on that date. -- Tower Group Inc. (NASDAQ:TWGP)
will replace Biosite Incorporated (NASDAQ:BSTE) in the S&P
SmallCap 600 after the close of trading on Monday, June 25. Biosite
is being acquired by Inverness Medical Innovations Inc. (AMEX:IMA)
in a tender offer expected to expire on that date. Standard &
Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/. TTM
Technologies provides printed circuit boards and backplane
assemblies in the United States. Headquartered in Santa Ana, CA,
the company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Electronic Manufacturing Services
Sub-Industry index. Tower Group offers a range of specialized
property and casualty insurance products and services to small to
mid-sized businesses and individuals in New York, New Jersey,
Massachusetts, and Pennsylvania. Headquartered in New York, NY, the
company will be added to the S&P SmallCap 600 GICS Property
& Casualty Insurance Sub-Industry index. Following is a summary
of the changes: S&P SMALLCAP 600 INDEX - June 20, 2007 COMPANY
GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED TTM Information
Electronic Technologies Technology Manufacturing Services DELETED
Viasys Health Care Health Care Equipment S&P SMALLCAP 600 INDEX
- June 25, 2007 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR
ADDED Tower Group Financials Property & Casualty Insurance
DELETED Biosite Health Care Health Care Equipment 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 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 7,500 employees, including wholly-owned
affiliates, located in 21 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/. About The
McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies
(NYSE:MHP) 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, McGraw-Hill Education, BusinessWeek and J.D.
Power and Associates. The Corporation has more than 280 offices in
40 countries. Sales in 2006 were $6.3 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/
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