NEW YORK, Sept. 22 /PRNewswire/ -- S&P SmallCap 600 constituent Baldor Electric Co. will replace Valeant Pharmaceuticals International in the S&P MidCap 400 index, and Universal Health Realty Trust will replace Baldor Electric Co. in the S&P SmallCap 600 index after the close of trading on Monday, September 27. Valeant Pharmaceuticals is being acquired by S&P Global 1200 constituent Biovail Co. in a deal expected to close soon, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/ .
Baldor Electric designs, manufactures, and markets industrial electric motors, mechanical power transmission products, drives, and generators. Headquartered in Fort Smith, AK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.
Universal Health Realty Income Trust, operating as a real estate investment trust (REIT), invests in health care and human service related facilities. Headquartered in King of Prussia, PA, the company will be added to the S&P SmallCap 600 GICS Specialized REITs Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - September 27, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Electrical Baldor Components & ADDED Electric Industrials Equipment ----- --------- ----------- ------------- Valeant Pharmaceuticals DELETED International Health Care Pharmaceuticals ------- ---------------- ----------- --------------- S&P SMALLCAP 600 INDEX - September 27, 2010 GICS ECONOMIC GICS SUB- COMPANY SECTOR INDUSTRY Universal Health Specialized ADDED Realty Financials REITs ----- ---------- ---------- ------------ Electrical Baldor Components & DELETED Electric Industrials Equipment ------- --------- ----------- ------------- About S&P Indices
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