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

March 5, 2009 5:19 PM EST

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.


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Stocks Mentioned

APEI 32.14

-0.24 -0.74%
Volume: 92,473
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CHB 0.20

+0.00 +0.00%
Volume: 520,014
Track CHB

EHTH 13.46

-0.30 -2.18%
Volume: 322,436
Track EHTH

ESE 31.61

-0.18 -0.57%
Volume: 215,415
Track ESE

FOE 6.50

-0.09 -1.37%
Volume: 771,728
Track FOE

GGC 13.59

-0.56 -3.96%
Volume: 160,364
Track GGC

IWOV 16.00

+0.00 +0.00%
Volume: 5,707,546
Track IWOV

MON 80.08

+0.51 +0.64%
Volume: 6,413,866
Track MON

NU 23.95

+0.32 +1.35%
Volume: 1,183,677
Track NU

OSIP 32.79

-0.07 -0.21%
Volume: 346,990
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TNDM 23.67

+0.50 +2.16%
Volume: 477,916
Track TNDM

TYC 36.86

+0.25 +0.68%
Volume: 2,671,772
Track TYC

WW 42.63

-0.13 -0.30%
Volume: 248,441
Track WW


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