Standard & Poor's Announces Changes in S&P Indices
NEW YORK, Dec 7, 2000 (BUSINESS WIRE) --
Standard & Poor's will make the following changes in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices:
-- Aetna Inc. (New) (NYSE: AET chart, msgs) will replace Aetna Inc. (Old)
(NYSE: AET chart, msgs) in the S&P 500 Index after the close of trading on
Wednesday, December 13, 2000. Aetna Inc. (Old) is spinning off its
Aetna U.S. Healthcare division to AET shareholders and is selling
its financial services and international businesses to ING Groep
N.V. (NYSE: ING--in chart, msgs the chart, msgs S&P chart, msgs Global chart, msgs 1200 chart, msgs Index chart, msgs). Immediately, after
the spin off, Aetna U.S. HealthCare will change its name to Aetna
Inc. (New). -- Macrovision Corporation (NASD: MVSN chart, msgs) will replace LG&E Energy
(NYSE: LGE chart, msgs) in the S&P MidCap 400 Index after the close of trading
on Friday, December 8, 2000. Powergen plc (in the S&P Global 1200
Index) is acquiring LG&E Energy in a transaction anticipated to
close on that date. -- Supertex Inc. (NASD: SUPX chart, msgs) will replace Frozen Food Express Ind.
Inc. (NASD: FFEX chart, msgs) in the S&P SmallCap 600 Index after the close of
trading on Friday, December 8, 2000. Frozen Food Express is being
removed for lack of representation. -- Sybron Dental Specialties, Inc. (NYSE: SYDwi chart, msgs) will replace Ames
Department Stores (NASD: AMES chart, msgs) in the S&P SmallCap 600 Index after
the close of trading on Monday, December 11, 2000. S&P MidCap 400
component Sybron International (NYSE: SYB chart, msgs) is spinning off Sybron
Dental Specialties to SYB shareholders. Ames Department Stores is
being removed for lack of representation. -- P.F. Chang's China Bistro (NASD: PFCB chart, msgs) will replace Biomatrix, Inc.
(NYSE: BXM chart, msgs) in the S&P SmallCap 600 Index after the close of
trading on Friday, December 15, 2000. S&P MidCap 400 component
Genzyme Corp. (NASD: GENZ chart, msgs) is acquiring Biomatrix in a transaction
anticipated to close on or about that date. The transaction is
still subject to a shareholder approval. -- WMS Industries (NYSE: WMS chart, msgs) will replace Simpson Industries
(NASD: SMPS chart, msgs) in the S&P SmallCap 600 Index after the close of
trading on Friday, December 15, 2000. Heartland Industrial
Partners (a private firm) is acquiring Simpson Industries in a
transaction anticipated to close on or about that date. The
transaction is still subject to shareholder approval.
Aetna Inc (New) is the nation's leading provider of health care and related benefits, serving more than 19 million health care members and 14 million dental members. The company, headquartered in Hartford, Connecticut, will be added to the S&P 500 Health Care (Managed Care) industry group.
Macrovision Corporation designs, develops and markets video security technologies and products that provide copy protection and video scrambling for motion pictures and other video materials. The company, headquartered in Sunnyvale, California, will be added to the S&P MidCap 400 Computers (Software & Services) industry group.
Supertex Inc. is a technology-based producer of high-voltage analog and mixed signal semiconductor components. The company, headquartered in Sunnyvale, California, will be added to the S&P SmallCap 600 Electronics (Semiconductors) industry group.
Sybron Dental Specialties, Inc. is a leader in dental, orthodontic, endodontic, and infection control products. The company, headquartered in Milwaukee, Wisconsin, will be added to the S&P SmallCap 600 Health Care (Medical Products & Supplies) industry group.
P.F. Chang's China Bistro owns and operates full service restaurants that feature a blend of traditional Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting. The company, headquartered in Phoenix, Arizona, will be added to the S&P SmallCap 600 Restaurants industry group.
WMS Industries is engaged in the design, manufacture and marketing of video and reel spinning gaming machines and video lottery terminals and coin-operated video games. The company, headquartered in Chicago, will be added to the S&P SmallCap 600 Leisure Time (Products) industry group.
Following is a summary of the announced changes:
S&P 500 INDEX--December 13, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Aetna Inc. (New) Health Care Health Care (Managed Care)
DROPPED Aetna Inc. (Old) Health Care Health Care (Managed Care)
S&P MIDCAP 400 INDEX--December 8, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Macrovision Computers (Software &
Corporation Technology Services)
DROPPED LG& E Energy Utilities Electric Companies
S&P SMALLCAP 600 INDEX--December 8, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Supertex Inc. Technology Electronics (Semiconductors)
DROPPED Frozen Food
Express Ind. Inc. Transportation Truckers
S&P SMALLCAP 600 INDEX--December 11, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Sybron Dental Health Care (Medical
Specialties, Inc. Health Care Products & Supplies)
DROPPED Ames Department Consumer
Stores Cyclicals Retail (Discounters)
S&P SMALLCAP 600 INDEX--December 15, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED P.F. Chang's
China Bistro Consumer Staples Restaurants
WMS Industries Consumer Cyclicals Leisure Time (Products)
DROPPED Biomatrix, Inc. Health Care Biotechnology
Simpson Industries Consumer Cyclicals Auto Parts & Equipment
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP chart, msgs), provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the world's first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure.
Contact:
David Blitzer
Managing Director, Quantitative Services
Chief Investment Strategist
212/438-3907
or
Carol Levine
Communications Manager, Index Services
212/438-3534
www.spglobal.com
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