NEW YORK,
-- S&P SmallCap 600 constituent IDEX Corp. (NYSE: IEX) will replace BISYS
Group Inc. (NYSE: BSG) in the S&P MidCap 400 and CyberSource Corp.
(Nasdaq: CYBS) will replace IDEX Corp. in the S&P SmallCap 600 after
the close of trading on Wednesday, August 1. BISYS is being acquired
by S&P 100 & 500 constituent Citigroup Inc. (NYSE: C) in a deal
expected to close on or about that date, pending final approvals.
-- SYNNEX Corp. (NYSE: SNX) will replace EGL Inc. (Nasdaq: EAGL) in the
S&P SmallCap 600 after the close of trading on Thursday, August 2. EGL
Inc. is being acquired by an affiliate of Apollo Management L.P. in a
deal expected to close on or about that date, pending final approvals.
-- The Knot Inc. (Nasdaq: KNOT) will replace Aeroflex Inc. (Nasdaq: ARXX)
in the S&P SmallCap 600 after the close of trading on a date to be
announced. Aeroflex is being acquired by Veritas Capital in a deal
still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
IDEX manufactures and sells various engineered industrial products. Headquartered in Northbrook, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Industrial Machinery Sub- Industry index.
CyberSource provides electronic payment and risk management solutions to
organizations that process orders for goods and services over the Internet.
Headquartered in
SYNNEX operates as an information technology supply chain services company. Headquartered in Fremont, CA, the company will be added to the S&P SmallCap 600 GICS Technology Distributors Sub-Industry index.
The Knot provides multi-platform media services to the wedding and
newlywed markets in the
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - August 1, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED IDEX Industrials Industrial
Machinery
DELETED BISYS Group Information Data Processing &
Technology Outsourced
Services
S&P SMALLCAP 600 INDEX - August 1, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED CyberSource Information Internet Software
Technology & Services
DELETED IDEX Industrials Industrial
Machinery
S&P SMALLCAP 600 INDEX - August 2, 2007
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED SYNNEX Information Technology
Technology Distributors
DELETED EGL Industrials Air Freight &
Logistics
S&P SMALLCAP 600 INDEX -
- To Be Announced
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED The Knot Information Internet
Technology Software & Services
DELETED Aeroflex Information Electronic Equipment
Technology Manufacturers
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.
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