Standard & Poor's Announces Changes to US Indices...
* Gevity HR Inc. will replace Helix Technology Corp. in the S&P SmallCap 600 after the close of trading Wednesday, October 26. Helix is being acquired by S&P SmallCap 600 constituent Brooks Automation Inc. in a transaction expected to close on or about that date. * Cathay General Bancorp will replace Krispy Kreme Doughnuts Inc. , and Mine Safety Appliances Co. will replace LTX Corp. , in the S&P MidCap 400 after the close of trading Thursday, October 27. After the close of trading on Monday, October 24 Krispy Kreme and LTX had market capitalizations of approximately $295 million and $244 million respectively, ranking 399th and 400th in the index. * Drew Industries Inc. will replace LabOne Inc. in the S&P SmallCap 600 after the close of trading Thursday, October 27. LabOne is being acquired by S&P 500 constituent Quest Diagnostics in a deal expected to close on or about that date.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Gevity HR provides human capital management services. Headquartered in Bradenton, FL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub- Industry Index.
Cathay General Bancorp offers a range of financial services for individuals, professionals, and small to medium-sized businesses. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry Index.
Mine Safety Appliances supplies equipment and systems for worker and plant protection. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Office Services & Supplies Sub-Industry Index.
Drew Industries supplies windows, doors, chassis and chassis parts for producers of manufactured homes and recreational vehicles (RVs). Headquartered in White Plains, NY, the company will be added to the S&P SmallCap 600 GICS Auto Parts & Equipment Sub-Industry Index.
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 , 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/.
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