NEW YORK, Aug. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- Exterran Holdings Inc. will replace Hanover Compressor Co.
in the S&P MidCap 400 after the close of trading on a date
to be announced. Hanover and Universal Compression Holdings Inc.
are merging to form Exterran in a deal still pending final
approvals.
- Tyler Technologies Inc. will replace Stride Rite Corp.
in the S&P SmallCap 600 after the close of trading on
Friday, August 17. Stride Rite is being acquired by S&P MidCap 400
constituent Payless ShoeSource Inc. in a deal expected to
close on or about that date.
- FARO Technologies Inc. will replace Vertrue Inc.
in the S&P SmallCap 600 after the close of trading on a
date to be announced. Vertrue is being acquired by Vertrue's
management and an investor group led by One Equity Partners in a deal
still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Exterran is a natural gas compression service company that also provides service fabrication and equipment for oil and natural gas production, processing and transportation applications. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Equipment & Services Sub-Industry index.
Tyler Technologies provides integrated information management solutions and services for local governments. Headquartered in Dallas, TX, the company will be added to the S&P SmallCap 600 GICS Application Software Sub-Industry index.
FARO Technologies designs, develops and manufactures software-based three- dimensional (3D) measurement devices for manufacturing, industrial, building construction, and forensic applications. Headquartered in Lake Mary, FL, the company will be added to the S&P SmallCap 600 GICS Electronic Equipment Manufacturers Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Exterran Holdings Energy Oil & Gas
Equipment & Services
DELETED Hanover Compressor Energy Oil & Gas
Equipment & Services
S&P SMALLCAP 600 INDEX - August 17 , 2007
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Tyler Technologies Information Technology Application
Software
DELETED Stride Rite Consumer Discretionary Footwear
S&P SMALLCAP 600 INDEX - To Be Announced
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED FARO Technologies Information Technology Electronic
Equipment
Manufacturers
DELETED Vertrue Consumer Discretionary Specialized
Consumer
Services
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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