NEW YORK, May 24 /PRNewswire/ -- Standard & Poor's will
make the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices:
- OSI Systems Inc. (Nasdaq: OSIS) will replace Iowa
Telecommunications Services Inc. (NYSE: IWA) in the S&P
SmallCap 600 index after the close of trading on Friday, May 28. Iowa Telecommunications Services
is being acquired by S&P 500 constituent Windstream Corp.
(Nasdaq: WIN) in a deal expected to close on or about that date,
pending final approvals.
- First American Financial Co. (NYSE: FAFwi) will replace S&P
MidCap 400 constituent Horace Mann Educators Co. (NYSE: HMN) in the
S&P MidCap 400, and Horace Mann Educators will replace
Theragenics Co. (NYSE: TGX) in the S&P SmallCap 600 index
effective after the close of trading on Tuesday, June 1. S&P MidCap 400 constituent
The First American Co. (NYSE: FAF) is spinning off First American
Financial to its shareholders in a transaction expected to be
completed on or about that date. The First American Co., which is
changing its name to CoreLogic Inc., will remain in the S&P
MidCap 400 following the spin-off. Horace Mann Educators has
a market capitalization of less than $560
million, making it more representative of the small cap
space. Theragenics has a market capitalization of less than
$45 million, ranking it 600th in the
S&P Small Cap 600 index.
Standard & Poor's will monitor these transactions, and post
any relevant updates on its website: www.standardandpoors.com.
OSI Systems designs, manufactures, and sells specialized
electronic systems and components. Headquartered in
Hawthorne, CA, the company will be
added to the S&P SmallCap 600 GICS Electronic Equipment &
Instruments Sub-Industry index.
First American Financial is a provider of property &
casualty insurance, title insurance and related services.
Headquartered in Santa Clara, CA,
the company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Property & Casualty Insurance
Sub-Industry index.
Horace Mann Educators provides personal lines of property and
casualty insurance, retirement annuities, and life insurance.
Headquartered in Springfield,
IL, the company will be added to the S&P SmallCap 600
GICS Multi-line Insurance Sub-Industry index.
Following is a summary of the changes:
S&P SMALL CAP 600
INDEX – May 28, 2010
|
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
OSI Systems
|
Information
Technology
|
Electronic Equipment &
Instruments
|
|
DELETED
|
Iowa Telecommunications
Services
|
Telecommunication
Services
|
Integrated Telecommunication
Services
|
|
|
|
|
|
S&P MIDCAP 400 INDEX
– June 1, 2010
|
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
First American
Financial
|
Financials
|
Property & Casualty
Insurance
|
|
DELETED
|
Horace Mann
Educators
|
Financials
|
Multi-line
Insurance
|
|
|
|
|
|
S&P SMALL CAP 600
INDEX – June 1, 2010
|
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Horace Mann
Educators
|
Financials
|
Multi-line
Insurance
|
|
DELETED
|
Theragenics
|
Health Care
|
Health Care
Equipment
|
|
|
|
|
|
About S&P Indices
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of investor needs. Over $1 trillion
is directly indexed to Standard & Poor's family of indices,
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index. For more information, please visit
www.standardandpoors.com/indices.
About Standard & Poor's
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(NYSE: MHP), 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
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investment and financial decisions. For more information, visit
http://www.standardandpoors.com.
SOURCE Standard & Poor's