NEW YORK, May 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
-- Under Armour Inc. will replace IndyMac Bancorp Inc. in the S&P MidCap 400 after the close of trading on Thursday, May 15, 2008. As of today's close of trading, IndyMac Bancorp had a market capitalization of approximately $188 million, ranking 400th in the index. -- National Financial Partners Corp. will replace LifeCell Corp. in the S&P SmallCap 600 after the close of trading on Friday, May 16, 2008. LIFC is being acquired by S&P MidCap 400 constituent Kinetic Concepts Inc. in a deal expected to be completed 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/.
Under Armour Inc. is engaged in the design, development, marketing and distribution of branded performance products for men, women and youth. Headquartered in Baltimore, MD, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel, Accessories & Luxury Goods Sub-Industry index.
National Financial Partners is an independent distributor of financial services products. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Insurance Brokers Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - May 15, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED Under Armour Consumer Apparel, Accessories & Discretionary Luxury Goods DELETED IndyMac Bancorp Financials Thrifts & Mortgage Finance S&P SMALLCAP 600 INDEX - May 16, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR ADDED National Financials Insurance Brokers Financial Partners DELETED LifeCell Health Care Biotechnology
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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