S&P Announces Changes to US Indices: MON for TYC, NU for TYC, WW for NU, ESE for WW, OSIP for FOE, EHTH for CHB, APEI for GGC, TNDM for IWOV
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S&P 500 constituent Monsanto Co. (NYSE: MON) will replace Tyco International Ltd. (NYSE: TYC) in the S&P 100, S&P MidCap 400 constituent Northeast Utilities (NYSE: NU) will replace Tyco International in the S&P 500, S&P SmallCap 600 constituent Watson Wyatt Worldwide Inc. (NYSE: WW) will replace Northeast Utilities in the S&P MidCap 400, and ESCO Technologies Inc. (NYSE: ESE) will replace Watson Wyatt in the S&P SmallCap 600, all after the close of trading on a date to be announced. Tyco is in the process of redomesticating to Switzerland, which will render it ineligible for continued inclusion in the S&P 100 & 500 indices.
OSI Pharmaceuticals Inc. (NASDAQ: OSIP) will replace Ferro Corp. (NYSE: FOE) in the S&P MidCap 400 after the close of trading on Thursday, March 12. As of today’s close of trading, Ferro had a market capitalization of approximately $40 million ranking it 400th in the index.
eHealth Inc. (NASDAQ: EHTH) will replace Champion Enterprises Inc. (NYSE: CHB), and American Public Education Inc. (NASDAQ: APEI) will replace Georgia Gulf Corp. (NYSE: GGC) in the S&P SmallCap 600, after the close of trading on Thursday, March 12. As of today’s close of trading, Champion Enterprises and Georgia Gulf had market capitalizations of approximately $16 million and $12 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.
Neutral Tandem Inc. (NASDAQ: TNDM) will replace Interwoven Inc. (NASDAQ: IWOV) in the S&P SmallCap 600 after the close of trading on a date to be announced. Autonomy Corporation plc is acquiring Interwoven in a deal that is still pending final approvals.
OSI Pharmaceuticals Inc. (NASDAQ: OSIP) will replace Ferro Corp. (NYSE: FOE) in the S&P MidCap 400 after the close of trading on Thursday, March 12. As of today’s close of trading, Ferro had a market capitalization of approximately $40 million ranking it 400th in the index.
eHealth Inc. (NASDAQ: EHTH) will replace Champion Enterprises Inc. (NYSE: CHB), and American Public Education Inc. (NASDAQ: APEI) will replace Georgia Gulf Corp. (NYSE: GGC) in the S&P SmallCap 600, after the close of trading on Thursday, March 12. As of today’s close of trading, Champion Enterprises and Georgia Gulf had market capitalizations of approximately $16 million and $12 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.
Neutral Tandem Inc. (NASDAQ: TNDM) will replace Interwoven Inc. (NASDAQ: IWOV) in the S&P SmallCap 600 after the close of trading on a date to be announced. Autonomy Corporation plc is acquiring Interwoven in a deal that is still pending final approvals.
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