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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: debra vogt who wrote (52966)7/27/1999 1:03:00 PM
From: debra vogt  Read Replies (1) of 120523
 
Millennium Pharmaceuticals Added to S&P Midcap 400 Index


July 26, 1999 05:43 PM
NEW YORK, July 26 /PRNewswire/ -- Standard & Poor's will replace Gulfstream Aerospace (GAC) in the S&P MidCap 400 Index with Millennium Pharmaceuticals (MLNM) after the close of trading on Friday, July 30, 1999. General Dynamics, an S&P 500 component, is acquiring Gulfstream Aerospace in a stock deal anticipated to close on that date. The transaction is still subject to shareholders approval.
Millennium Pharmaceuticals is a leading provider of products and services that enhance drug discovery and development efforts of pharmaceutical and biotechnology firms. The company, headquartered in Cambridge, Massachusetts, will be added to the S&P MidCap 400 Biotechnology industry group

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