NEW YORK, Jan. 22 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 and S&P REIT Composite indices:
* ViroPharma Inc. will replace Per-Se Technologies Inc.
in the S&P SmallCap 600 after the close of trading on
Thursday, January 25. Per-Se is being acquired by S&P 500 constituent
McKesson Corp. in a deal expected to close on or about that
date, pending final approvals.
* Agree Realty Corp. will replace CentraCore Properties Trust
in the S&P REIT Composite after the close of trading on
Wednesday, January 24. CentraCore is being acquired by The Geo Group,
Inc. in a deal expected to close on or about that date,
pending final approvals.
* Strategic Hotels & Resorts, Inc. will replace Reckson
Associates Realty Corp. in the S&P REIT Composite after the
close of trading on Thursday, January 25. Reckson is being acquired by
S&P REIT Composite constituent SL Green Realty Corp. 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/.
ViroPharma engages in the development and commercialization of products that address serious diseases. Headquartered in Exton, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.
Agree Realty is a REIT that engages in the ownership, development, and operation of retail properties primarily leased to national companies in the United States. Headquartered in Farmington Hills, MI, the company will be added to the S&P REIT Composite GICS Retail REITs sub-industry.
Strategic Hotels and Resorts is a REIT that owns and manages full service upscale and luxury hotel and resort properties. Headquartered in Chicago, IL, the company will be added to the S&P REIT Composite GICS Specialized REITs sub-industry.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - January 25, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED ViroPharma Health Care Pharmaceuticals
DELETED Per-Se Technologies Health Care Health Care Technology
S&P REIT COMPOSITE INDEX - January 24, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Agree Realty Financials Retail REITs
DELETED CentraCore Properties Financials Specialized REITs
S&P REIT COMPOSITE INDEX - January 25, 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Strategic Hotels & Financials Specialized REITs
Resorts
DELETED Reckson Associates 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.
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