TER graduates to the S&P 500. Jeff
STANDARD & POOR'S ANNOUNCES CHANGES IN S&P INDICES
PR NEWSWIRE - November 08, 1999 17:58
NEW YORK, Nov 8, 1999 /PRNewswire via COMTEX/ -- Standard & Poor's will make the following changes in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices:
-- Teradyne, Inc. (NYSE: TER), an S&P MidCap 400 component, will replace Case Corp. (NYSE: CSE) in the S&P 500 Index after the close of trading on Friday, November 12, 1999. New Holland N.V. (a Netherlands company) is acquiring Case Corp. in a transaction anticipated to close on that date. Checkfree Holdings (Nasdaq: CKFR) will replace Teradyne, Inc. in the S&P MidCap 400 Index.
-- Medicis Pharmaceutical (NYSE: MRX) will replace Maxxim Medical (NYSE: MAM) in the S&P SmallCap 600 Index after the close of trading on a date to be announced. Fox Paine Medic Acquisition Corp. (a management-led company) is acquiring Maxxim Medical.
Teradyne, Inc. manufactures automatic test equipment and related software for the electronics and communications industries, offering systems for testing semiconductors, circuit boards, phone lines, networks and software. The company, headquartered in Boston, will be added to the S&P 500 Equipment (Semiconductor) industry group.
Checkfree Holdings provides electronic processing services, institutional portfolio management services, and financial application software for financial institutions and businesses. The company, headquartered in Norcross, Georgia, will be added to the S&P MidCap 400 Services (Data Processing) industry group.
Medicis Pharmaceutical is an independent pharmaceutical company that offers prescription and over-the-counter products to treat a number of dermatological conditions. The company, headquartered in Phoenix, Arizona, will be added to the Health Care (Drugs-Generic & Other) industry group. Following is a summary of the announced changes: S&P 500 INDEX-November 12, 1999 COMPANY ECONOMIC SECTOR INDUSTRY GROUP ADDED Teradyne, Inc. Technology Equipment (Semiconductor) DROPPED Case Corp. Capital Goods Machinery (Diversified)
S&P MidCap 400 INDEX-November 12, 1999
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Checkfree Holdings Technology Services
(Data Processing)
DROPPED Teradyne, Inc. Technology Equipment
(Semiconductor)
S&P SMALLCAP 600 INDEX-T.B.A.
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Medicis Pharmaceutical Health Care Health Care
(Drugs-Generic & Other)
DROPPED Maxxim Medical Health Care Health Care
(Medical Products & Supplies)
Standard & Poor's, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global Index, which includes the S&P Euro and Euro Plus for Continental Europe, the S&P/TSE 60 for Canada, the S&P 500 for the U.S., the S&P/TOPIX 150 for Japan, the S&P Asia Pacific 100, the Latin America 40 and the United Kingdom 150. S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap Indices. Over $750 billion is indexed to S&P indices.
Founded in 1888, The McGraw-Hill Companies is a leading information services provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,500 people located in more than 400 offices in 32 countries. Sales in 1998 were $3.7 billion. 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.
SOURCE Standard & Poor's (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: David Blitzer, V.P. & Chief Economist, 212-438-3907, or Carol |
