S&P Announces Changes to U.S. Indices (ISRG for BSC, ZEUS for XRIT, MGLN for BFAM)

May 22, 2008 5:21 PM EDT

S&P MidCap 400 constituent Intuitive Surgical Inc. (NASDAQ: ISRG) will replace The Bear Stearns Companies Inc. (NYSE: BSC) in the S&P 500, S&P SmallCap 600 constituent The Shaw Group Inc. (NYSE: SGR) will replace Intuitive Surgical in the S&P MidCap 400, and II-VI Inc. (NASDAQ: IIVI) will replace The Shaw Group in the S&P SmallCap 600 after the close of trading on Friday, May 30. Bear Stearns is being acquired by S&P 500 and S&P 100 constituent JPMorgan Chase & Co. (NYSE: JPM) in a deal expected to close before the open of trading on June 2, pending final approvals.

Olympic Steel Inc. (NASDAQ: ZEUS) will replace X-Rite Inc. (NASDAQ: XRIT) in the S&P SmallCap 600 after the close of trading on Tuesday, May 27. As of today’s close of trading, X-Rite had a market cap of $38 million, ranking 600th in the index.

Magellan Health Services Inc. (NASDAQ: MGLN) will replace Bright Horizons Family Solutions Inc. (NASDAQ: BFAM) in the S&P SmallCap 600 on a date to be announced. Bright Horizons is being acquired by Bain Capital Partners in a deal that is still pending final approvals.


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Stocks Mentioned

BFAM 48.24

+0.00 +0.00%
Volume: 0
Track BFAM

BSC 10.40

+0.11 +1.07%
Volume: 1,585
Track BSC

IIVI 29.30

-0.06 -0.20%
Volume: 48,918
Track IIVI

ISRG 282.65

+3.80 +1.36%
Volume: 349,805
Track ISRG

JPM 42.16

-0.32 -0.75%
Volume: 26,131,141
Track JPM

MGLN 37.10

-0.18 -0.48%
Volume: 116,846
Track MGLN

SGR 32.57

+0.00 +0.00%
Volume: 1,350,683
Track SGR

XRIT 2.06

-0.01 -0.48%
Volume: 87,908
Track XRIT

ZEUS 28.31

+0.30 +1.07%
Volume: 40,420
Track ZEUS


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