Standard & Poor's Announces Changes to U.S. Indices
June 30 2008 - 7:02PM
PR Newswire (US)
NEW YORK, June 30 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and SmallCap 600
indices after the close of trading on Wednesday, July 2: -- S&P
SmallCap 600 constituent IDEXX Laboratories Inc. (NASDAQ:IDXX) will
replace Getty Images Inc. (NYSE:GYI) in the S&P MidCap 400, and
Balchem Corp. (NASDAQ:BCPC) will replace IDEXX Laboratories in the
S&P SmallCap 600. Getty Images is being taken private by
Hellman & Friedman LLC in a deal expected to close on or about
that date, pending final approvals. Standard & Poor's will
monitor this transaction, and post any relevant updates on its
website: http://www.standardandpoors.com/. Idexx Laboratories
provides diagnostic, detection and information systems for
veterinary, food and water testing applications. Headquartered in
Westbrook, ME, the company will be added to the S&P MidCap 400
GICS (Global Industry Classification Standard) Health Care
Equipment Sub-Industry index. Balchem develops, manufactures and
markets ingredients and products for the food, feed and medical
sterilization industries. Headquartered in New Hampton, NY, the
company will be added to the S&P SmallCap 600 GICS Specialty
Chemicals Sub-Industry index. Following is a summary of the
changes: S&P MIDCAP 400 INDEX - July 2, 2008 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED IDEXX Laboratories Health
Care Health Care Equipment DELETED Getty Images Consumer
Discretionary Publishing S&P SMALLCAP 600 INDEX - July 2, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Balchem
Materials Specialty Chemicals DELETED IDEXX Laboratories Health
Care Health Care Equipment 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. About Standard &
Poor's Index Services Standard & Poor's Index Services, the
world's leading index provider, maintains a wide variety of
investable and benchmark indices to meet an array of investor
needs. Its family of indices includes the S&P 500, an index
with $1.32 trillion invested and $4.91 trillion benchmarked, and
the S&P Global 1200, a composite index comprised of seven
regional and country headline indices. For more information, please
visit http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of financial
market intelligence, including independent credit ratings, indices,
risk evaluation, investment research and data. With approximately
8,500 employees, including wholly owned affiliates, located in 23
countries, Standard & Poor's is an essential part of the
world's financial infrastructure and has played a leading role for
more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment
and financial decisions. For more information, visit: www.
standardandpoors.com. About The McGraw-Hill Companies: Founded in
1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global
information services provider meeting worldwide needs in the
financial services, education and business information markets
through leading brands such as Standard & Poor's, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in
2007 were $6.8 billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: 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/
http://www.standardandpoors.com/indices http://www.mcgraw-hill.com/
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