NEW YORK, July 1 /PRNewswire/ -- Micrus Endovascular Corp. (NASD:MEND) will replace CKE Restaurants Inc. in the S&P SmallCap 600 index after the close of trading on Wednesday, July 7. CKE Restaurants is being acquired by affiliates of Apollo Management in a transaction 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/.
Micrus Endovascular Corporation develops, manufactures, and markets implantable and disposable medical devices. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX - July 7, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Micrus Health Care ADDED Endovascular Health Care Equipment CKE Consumer DELETED Restaurants Discretionary Restaurants 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 $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. 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/
