Standard & Poor's Announces Changes to U.S. Indices
30 March 2006 - 10:57AM
PR Newswire (US)
NEW YORK, March 29 /PRNewswire/ -- S&P MidCap 400 constituent
Dean Foods Co. (NYSE:DF) will replace Maytag Corp. (NYSE:MYG) in
the S&P 500 after the close of trading on a date to be
announced. Maytag is being acquired by S&P 500 constituent
Whirlpool Corp. (NYSE:WHR) in a deal that has yet to be finalized.
S&P SmallCap 600 constituent Medicis Pharmaceutical Corp.
(NYSE:MRX) will replace Dean Foods in the S&P MidCap 400, and
First Horizon Pharmaceutical Corp. (NASDAQ:FHRX) will replace
Medicis in the S&P SmallCap 600. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. Dean Foods is a food and
beverage company. Headquartered in Dallas, TX, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Packaged Foods & Meats Sub-Industry index. Medicis
develops and markets prescription and OTC products for the
treatment of certain dermatological conditions. Headquartered in
Scottsdale, AZ, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Pharmaceuticals
Sub-Industry index. First Horizon Pharmaceutical markets and sells
brand name prescription drugs, focusing on acquiring or licensing
approved products or late stage development products. Headquartered
in Alpharetta, GA, the company will be added to the S&P
SmallCap 600 GICS (Global Industry Classification Standard)
Pharmaceuticals Sub-Industry index. Following is a summary of the
changes: S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Dean Foods Consumer Staples Packaged Foods &
Meats DELETED Maytag Consumer Discretionary Household Appliances
S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Medicis Health Care Pharmaceuticals
Pharmaceutical DELETED Dean Foods Consumer Staples Packaged Foods
& Meats S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ADDED First Horizon Health Care
Pharmaceuticals Pharmaceutical DELETED Medicis Health Care
Pharmaceuticals Pharmaceutical 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
independent credit ratings, indices, risk evaluation, investment
research and data. With approximately 6,300 employees located in 20
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/. About The McGraw-Hill Companies
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, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 290 offices in 38 countries. Sales in
2005 were $6.0 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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