NEW YORK, July 6 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 and S&P REIT Composite indices:
* Palomar Medical Technologies Inc. (NASD: PMTI) will replace Laserscope
(NASD: LSCP) in the S&P SmallCap 600 after the close of trading on
Wednesday, July 12. Laserscope is being acquired by S&P SmallCap 600
constituent American Medical Systems Holdings Inc. (NASD: AMMD) in a
deal expected to close on or about that date, pending final approvals.
* Kite Realty Group Trust will replace CarrAmerica Realty
Corp. in the S&P REIT Composite after the close of trading
on Tuesday, July 11. CarrAmerica is being acquired by an affiliate of
The Blackstone Group in a deal expected to close on or about that date,
pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Palomar Medical Technologies researches and develops proprietary laser systems for hair removal and other cosmetic laser treatments. Headquartered in Burlington, MA, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Kite Realty owns, develops, leases, and manages a portfolio of neighborhood and community shopping centers. Headquartered in Indianapolis, IN, the company will be added to the S&P REIT Composite Retail REITs Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - July 12, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Palomar Medical Health Care Health Care Equipment
Technologies
DELETED Laserscope Health Care Health Care Equipment
S&P REIT COMPOSITE INDEX - July 11, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Kite Realty Financials Retail REITs
DELETED CarrAmerica Financials Office REITs
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
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