NEW YORK, May 26 /PRNewswire/ -- S&P SmallCap 600 constituent Tractor Supply Co. will replace OSI Pharmaceuticals Inc. in the S&P MidCap 400 index, and Hi-Tech Pharmacal Co., Inc. will replace Tractor Supply in the S&P SmallCap 600 index after the close of trading on Wednesday, June 2. OSI Pharmaceuticals is being acquired by S&P Global 1200 constituent Astellas Pharma Inc. in a cash tender offer expected to be completed on or about that date.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Tractor Supply operates retail farm and ranch stores. Headquartered in Brentwood, TN, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
Hi-Tech Pharmacal Co. is a specialty manufacturer and marketer of prescription, over-the-counter and nutritional products. Headquartered in Amityville, NY, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - June 2, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Tractor Consumer Specialty ADDED Supply Discretionary Stores ----- -------- -------------- ---------- OSI DELETED Pharmaceuticals Health Care Biotechnology ------- ---------------- ----------- ------------- S&P SMALL CAP 600 INDEX - June 2, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY ------- -------------- ---------- Hi- Tech Pharmacal ADDED Co. Health Care Pharmaceuticals ----- --------- ----------- --------------- Tractor Consumer Specialty DELETED Supply Discretionary Stores ------- ------- ------------- --------- About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit http://www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies , is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 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/.
Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the
Index Committee, +1-212-438-3907
Web Site: http://www.standardandpoors.com/
