NEW YORK, March 17 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
-- MoneyGram International Inc. will be removed from the S&P MidCap 400 after the close of trading on Tuesday, March 18. As of today's close of trading, MoneyGram International had a market value of approximately $160 million, ranking 400th in the index. -- Apollo Investment Corp. will be added to the S&P MidCap 400 after the close of trading on Wednesday, March 19, taking the place vacated by MoneyGram International. -- Air Methods Corporation will replace Possis Medical Inc. in the S&P SmallCap 600 after the close of trading on Tuesday, March 25. Possis Medical is being acquired by S&P Global 1200 constituent Bayer AG in a tender offer expected to be completed on or about that date.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Apollo Investment Corp. is a business development company that provides subordinated debt and equity capital to middle-market companies. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Asset Management and Custody Banks Sub- Industry index.
Air Methods Corporation provides air medical transportation services and systems in the United States. Headquartered in Englewood, CO, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - March 18, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR DELETED MoneyGram Information Data Processing & International Technology Outsourced Services S&P MIDCAP 400 INDEX - March 19, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED Apollo Financials Asset Management & Investment Custody Banks S&P SMALLCAP 600 INDEX - March 25, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED Air Methods Health Care Health Care Services DELETED Possis Medical Health Care Health Care Equipment
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 , is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly-owned affiliates, located in 21 countries, 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 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com/.
