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S&P Changes US Market Cap Guidelines; Announces Changes to US Indices (MFE for BRL, LKQX for MFE, CIR for LKQX)

December 18, 2008 5:22 PM EST
MFE Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Standard & Poor’s is updating the market cap guidelines for its U.S. indices. Effective today, the new guidelines are:
  • S&P 500-- $3 billion or greater
  • S&P MidCap 400-- $750 million to $3.3 billion
  • S&P SmallCap 600-- $200 million to $ 1.0 billion
S&P MidCap 400 constituent McAfee Inc. (NYSE: MFE) will replace Barr Pharmaceuticals Inc. (NYSE: BRL) in the S&P 500, S&P SmallCap 600 constituent LKQ Corp (NASDAQ: LKQX) will replace McAfee in the S&P MidCap 400, and CIRCOR International Inc. (NYSE: CIR) will replace LKQ in the SmallCap 600. Barr Pharmaceuticals is being acquired by Teva Pharmaceuticals Industries Ltd. (NASDAQ: TEVA) in a transaction that is still pending final approvals.

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