NEW YORK, May 5 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
-- DreamWorks Animation SKG Inc. will replace Millennium Pharmaceuticals Inc. in the S&P MidCap 400 after the close of trading on Thursday, May 8. Millennium Pharmaceuticals is being acquired by Takeda Pharmaceutical Company Ltd. in a deal expected to close on or about that date, pending final approvals. -- HealthSpring Inc. will replace Franklin Bank Corp. in the S&P SmallCap 600 after the close of trading on Wednesday, May 7. As of today's close of trading, Franklin Bank had a market cap of $26 million, ranking 600th in the index. -- Green Mountain Coffee Roasters Inc. will replace Matria Healthcare Inc. in the S&P SmallCap 600 on a date to be announced. Matria Healthcare is being acquired by Inverness Medical Innovations that is still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
DreamWorks Animation SKG principally develops and produces computer-generated animated feature films. Headquartered in Glendale, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Movies & Entertainment Sub-Industry index.
HealthSpring is a managed care organization. Headquartered in Franklin, TN, the company will be added to the S&P SmallCap 600 GICS Managed Health Care Sub-Industry index.
Green Mountain Coffee Roasters is involved in the specialty coffee industry. Headquartered in Waterbury, VT, the company will be added to the S&P SmallCap 600 GICS Packaged Foods & Meats Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - May 8, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED DreamWorks Consumer Discretionary Movies & Entertainment Animation SKG DELETED Millennium Health Care Biotechnology Pharmaceuticals S&P SMALLCAP 600 INDEX - May 7, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED HealthSpring Health Care Managed Health Care DELETED Franklin Bank Financials Thrifts & Mortgage Finance S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Green Mountain Consumer Staples Packaged Foods & Meats Coffee Roasters DELETED Matria Healthcare Health Care Health Care 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 Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit http://www.standardandpoors.com/indices.
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 8,500 employees, including wholly owned affiliates, located in 23 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/.
