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Standard & Poor's Announces Changes to U.S. Indices
NEW YORK
(Map)
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-- MoneyGram International Inc. (NYSE: MGI) will be removed from the S&P
MidCap 400 after the close of trading on Tuesday, March 18. As of
today's close of trading, MoneyGram International had a market value
of approximately $160 million, ranking 400th in the index.
-- Apollo Investment Corp. (Nasdaq: AINV) will be added to the S&P MidCap
400 after the close of trading on Wednesday, March 19, taking the
place vacated by MoneyGram International.
-- Air Methods Corporation (Nasdaq: AIRM) will replace Possis Medical
Inc. (Nasdaq: POSS) in the S&P SmallCap 600 after the close of trading
on Tuesday, March 25. Possis Medical is being acquired by S&P Global
1200 constituent Bayer AG in a tender offer expected to be completed
on or about that date.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Apollo Investment Corp. is a business development company that provides subordinated debt and equity capital to middle-market companies. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Asset Management and Custody Banks Sub- Industry index.
Air Methods Corporation provides air medical transportation services and
systems in the
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - March 18, 2008
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
DELETED MoneyGram Information Data Processing &
International Technology Outsourced
Services
S&P MIDCAP 400 INDEX - March 19, 2008
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Apollo Financials Asset Management &
Investment Custody Banks
S&P SMALLCAP 600 INDEX - March 25, 2008
COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED Air Methods Health Care Health Care
Services
DELETED Possis Medical 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
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 7,500 employees, including wholly-owned affiliates, located in 21 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 http://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
SOURCE Standard & Poor's
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