NEW YORK, March 9 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Monday, March 16, 2009:
-- S&P SmallCap 600 constituent Owens & Minor Inc. will replace Chemtura Corp. in the S&P MidCap 400, and Helen of Troy Ltd. will replace Owens & Minor in the S&P SmallCap 600. As of today's close of trading, Chemtura had a market capitalization of $39 million, ranking it 400th in the index. -- AZZ Inc. will replace A.H. Belo Corp. in the S&P SmallCap 600. As of today's close of trading, A.H. Belo had a market capitalization of $15 million, ranking it 600th in the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Owens & Minor is a distributor of medical and surgical supplies to the acute-care market and a healthcare supply-chain management company. Headquartered in Richmond, VA, the company will be added to the S&P 400 GICS (Global Industry Classification Standard) Health Care Distributors Sub-Industry index.
Helen of Troy is a designer, developer, importer and distributor of consumer products. Headquartered in El Paso, TX, the company will be added to the S&P SmallCap 600 GICS Household Appliances Sub-Industry index.
AZZ is an electrical equipment and components manufacturer. Headquartered in Fort Worth, TX, the company will be added to the S&P SmallCap 600 GICS Heavy Electrical Equipment Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - March 16, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Owens & Minor Health Care Health Care Distributors DELETED Chemtura Materials Specialty Chemicals S&P SMALLCAP 600 INDEX - March 16, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Helen of Troy Consumer Discretionary Household Appliances AZZ Industrials Heavy Electrical Equipment DELETED Owens & Minor Health Care Health Care Distributors A.H. Belo Consumer Discretionary Publishing
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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